کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
971436 1479563 2008 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The role of social capital in enhancing factor productivity: Does its erosion depress per capita GDP?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The role of social capital in enhancing factor productivity: Does its erosion depress per capita GDP?
چکیده انگلیسی

We aim at reconciling Putnam's claim that social capital has declined in the U.S. in the last decades with the satisfactory growth performance of the U.S. economy over the same period. This puzzle originates from the fact that – according to most literature – social capital enhances factor productivity (mainly by reducing defiant and opportunistic behavior). We model the hypotheses that the expansion of market activities weakens social capital formation, and that society reacts to the decline in social capital by spending more to protect property and enforce contracts. We show that this process may lead to a higher GDP level.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Journal of Socio-Economics - Volume 37, Issue 4, August 2008, Pages 1539–1553
نویسندگان
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