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http://hdl.handle.net/10071/10079
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Title: An endogenous growth model with human and social capital interactions
Authors: Sequeira, T. N.
Ferreira-Lopes, A.
Keywords: Economic growth
Human capital
Social capital
Issue Date: 2011
Publisher: Routledge/Taylor & Francis
Abstract: Social capital has recently been introduced in the economic literature as a source of economic growth. In this paper we study the interactions between social and human capital, and their contributions to economic growth in an endogenous growth model. The model indicates an increase in the relative importance of human capital when compared to social capital throughout the development process of the economy, as also described in some of the empirical literature on the topic. We derive theoretical and policy implications from our endogenous growth model, concluding that a subsidy for human capital has important implications for economic growth and allocation redistribution. A subsidy to social capital is not relevant for economic growth. Its only effect would be the increase in the social to human capital ratio of the economy.
Peer reviewed: Sim
URI: https://ciencia.iscte-iul.pt/public/pub/id/415
http://hdl.handle.net/10071/10079
ISSN: 0034-6764
Publisher version: The definitive version is available at: http://dx.doi.org/10.1080/00346764.2011.592330
Appears in Collections:BRU-RI - Artigo em revista científica internacional com arbitragem científica

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