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Economic Growth and Social Poverty: The Evolution of Social Participation

Angelo Antoci, Pier Luigi Sacco and Paolo Vanin ()

No 13/2001, Bonn Econ Discussion Papers from University of Bonn, Bonn Graduate School of Economics (BGSE)

Abstract: 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)
Date: 2001
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