This chapter proposes a simple growth model with private and social capital accumulation. We investigate whether these two processes move in the same direction or whether they conflict with each other, and show that both outcomes are possible, depending on the parameters and initial conditions of the economy. Taking into account the effects of these dynamics on the consumption of both private and relational goods, we draw conclusions about well-being that apply to advanced economies.
ANTOCI A., SACCO P. L., VANIN P. (2005). On the Possible Conflict Between Economic Growth and Social Development. CAMBRIDGE : Cambridge University Press.
On the Possible Conflict Between Economic Growth and Social Development
VANIN, PAOLO
2005
Abstract
This chapter proposes a simple growth model with private and social capital accumulation. We investigate whether these two processes move in the same direction or whether they conflict with each other, and show that both outcomes are possible, depending on the parameters and initial conditions of the economy. Taking into account the effects of these dynamics on the consumption of both private and relational goods, we draw conclusions about well-being that apply to advanced economies.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
