Economic Growth and Social Poverty: The Evolution of Social Participation
Pier Luigi Sacco and
Paolo Vanin ()
No 13/2001, Bonn Econ Discussion Papers from University of Bonn, Bonn Graduate School of Economics (BGSE)
We develop an evolutionary model of growth in which agents choose how to allocate their time between private and social activities. We argue that a shift from social to private activities may foster market-based growth, but also generate social poverty. Within a formal framework that merges a game theoretic analysis of the evolution of social participation with a model of dynamic accumulation of its effects on social environment (i.e., of social capital accumulation), we show that growth and well-being may evolve in opposite directions (a plausible outcome for advanced and affluent societies).
Keywords: Time Allocation; Social Capital; Relational Goods (search for similar items in EconPapers)
JEL-codes: C73 D62 I31 J22 O41 Z13 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bonedp:132001
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