Social Capital, Product Imitation and Growth with Learning Externalities

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Agénor, Pierre-Richard
dc.contributor.author
Dinh, Hinh T.
dc.date.accessioned
2013-09-25T20:33:34Z
dc.date.available
2013-09-25T20:33:34Z
dc.date.issued
2013-09
dc.date.lastModified
2021-04-23T14:03:27Z
dc.description.abstract
Links between social capital, human capital, and product imitation are studied in an overlapping generations model of endogenous growth where the key benefit of social capital is to promote imitation. There is also a two-way interaction between imitation and human capital. Building social capital (which brings direct utility) requires time. Because life expectancy is endogenously related to human capital, time allocation between market work and social capital accumulation is also endogenously determined. Social capital accumulation depends also on access to infrastructure. The model is calibrated numerically for a low-income country. A policy that helps to promote social capital accumulation may be very effective to foster economic growth, even if it involves offsetting cuts in other productive components of government spending, such as education outlays or infrastructure investment. Offsetting cuts in infrastructure investment, however, may be less effective.
en
dc.identifier
http://documents.worldbank.org/curated/en/2013/09/18265391/social-capital-product-imitation-growth-learning-externalities
dc.identifier.uri
http://hdl.handle.net/10986/15824
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 6607
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO SOCIAL CAPITAL
dc.subject
ACCESS TO TELECOMMUNICATIONS
dc.subject
ADVERSE EFFECT
dc.subject
ADVERSE EFFECTS
dc.subject
AGGREGATE DEMAND
dc.subject
ALLOCATION
dc.subject
ARBITRAGE
dc.subject
BANK POLICY
dc.subject
BENCHMARK
dc.subject
BEQUESTS
dc.subject
BINDING CONSTRAINT
dc.subject
BONDS
dc.subject
BUDGET CONSTRAINT
dc.subject
BUDGET CONSTRAINTS
dc.subject
BUREAUCRACY
dc.subject
BUSINESS CYCLE
dc.subject
CAPITAL RATIO
dc.subject
CAPITAL SHARES
dc.subject
CAPITAL STOCK
dc.subject
CAPITAL STOCKS
dc.subject
CETERIS PARIBUS
dc.subject
CHILD LABOR
dc.subject
COLLECTIVE ACTION
dc.subject
COMMERCIAL CONTRACTS
dc.subject
COMMUNITY ASSOCIATIONS
dc.subject
CONNECTIVITY
dc.subject
CONSTANT RETURNS TO SCALE
dc.subject
CONTRACT ENFORCEMENT
dc.subject
DEBTS
dc.subject
DEMAND CURVE
dc.subject
DEMOCRACY
dc.subject
DEMOGRAPHIC
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPMENT ECONOMICS
dc.subject
DEVELOPMENT POLICY
dc.subject
DISCOUNT RATE
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC INTEGRATION
dc.subject
ECONOMIC PERFORMANCE
dc.subject
ECONOMIC RESEARCH
dc.subject
ECONOMICS
dc.subject
ELASTICITY
dc.subject
ELASTICITY OF DEMAND
dc.subject
ELASTICITY OF SUBSTITUTION
dc.subject
EQUILIBRIUM
dc.subject
EQUILIBRIUM PRICE
dc.subject
EQUIPMENT
dc.subject
EXPENDITURE
dc.subject
EXPORTS
dc.subject
EXTERNALITIES
dc.subject
EXTERNALITY
dc.subject
FINANCES
dc.subject
FINANCIAL DEVELOPMENT
dc.subject
FINANCIAL SUPPORT
dc.subject
FISCAL POLICY
dc.subject
FULL EMPLOYMENT
dc.subject
GDP
dc.subject
GLOBAL ECONOMIC PROSPECTS
dc.subject
GOVERNMENT BUDGET
dc.subject
GOVERNMENT INVESTMENT
dc.subject
GOVERNMENT REVENUES
dc.subject
GOVERNMENT SPENDING
dc.subject
GROWTH RATE
dc.subject
GROWTH RATES
dc.subject
HOLDING
dc.subject
HOUSEHOLD BARGAINING
dc.subject
HUMAN CAPITAL
dc.subject
IMPERFECT COMPETITION
dc.subject
INCOME
dc.subject
INCOME DISTRIBUTION
dc.subject
INCOME GROWTH
dc.subject
INCOME INEQUALITY
dc.subject
INDUSTRIAL COUNTRIES
dc.subject
INFORMATION ASYMMETRIES
dc.subject
INFORMATION SHARING
dc.subject
INFRASTRUCTURE INVESTMENT
dc.subject
INFRASTRUCTURE PROJECTS
dc.subject
INSURANCE
dc.subject
INTANGIBLE
dc.subject
INTELLECTUAL PROPERTY
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL ECONOMICS
dc.subject
INVESTING
dc.subject
INVESTMENT FLOWS
dc.subject
INVESTMENT STRATEGIES
dc.subject
KNOWLEDGE EXTERNALITIES
dc.subject
LABOR HOURS
dc.subject
LABOR MARKET
dc.subject
LEGAL SYSTEM
dc.subject
LIFE EXPECTANCY
dc.subject
LOW-INCOME COUNTRIES
dc.subject
LOW-INCOME COUNTRY
dc.subject
LOW-INCOME ECONOMY
dc.subject
MACROECONOMICS
dc.subject
MARGINAL COST
dc.subject
MARGINAL COST OF PRODUCTION
dc.subject
MARGINAL PRODUCT
dc.subject
MARGINAL REVENUE
dc.subject
MONETARY FUND
dc.subject
MONOPOLY
dc.subject
NEGATIVE EXTERNALITY
dc.subject
NEIGHBORHOODS
dc.subject
NEW PRODUCTS
dc.subject
OPTIMIZATION
dc.subject
OUTPUT
dc.subject
OVERLAPPING GENERATIONS MODEL
dc.subject
PATENTS
dc.subject
PHYSICAL CAPITAL
dc.subject
POLITICAL ECONOMY
dc.subject
POLITICAL INSTITUTIONS
dc.subject
POSITIVE EXTERNALITIES
dc.subject
POSITIVE EXTERNALITY
dc.subject
PRICE ELASTICITY
dc.subject
PRIVATE CAPITAL
dc.subject
PRIVATE CAPITAL STOCK
dc.subject
PRIVATE INVESTMENT
dc.subject
PRIVATE SAVINGS
dc.subject
PRODUCTION FUNCTION
dc.subject
PRODUCTION INPUTS
dc.subject
PRODUCTION STRUCTURE
dc.subject
PRODUCTIVITY
dc.subject
PROPERTY RIGHTS
dc.subject
PUBLIC GOOD
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC POLICIES
dc.subject
PUBLIC POLICY
dc.subject
PUBLIC SPENDING
dc.subject
RATE OF RETURN
dc.subject
REAL GDP
dc.subject
RETURNS
dc.subject
SAVINGS
dc.subject
SAVINGS RATE
dc.subject
SOCIAL CAPITAL
dc.subject
SOCIAL CAPITAL ACCUMULATION
dc.subject
SOCIAL INTERACTIONS
dc.subject
SOCIAL NETWORKS
dc.subject
SOCIAL NORMS
dc.subject
SOCIAL ORGANIZATIONS
dc.subject
SOCIAL RELATIONSHIPS
dc.subject
SOCIAL STRUCTURE
dc.subject
SOCIAL VALUES
dc.subject
SPECIALIZATION
dc.subject
TAX
dc.subject
TAX RATE
dc.subject
TAX REVENUES
dc.subject
TECHNOLOGICAL CHANGE
dc.subject
TELECOMMUNICATIONS
dc.subject
TRADE ASSOCIATIONS
dc.subject
TRADE-OFF
dc.subject
TRADES
dc.subject
TRADING
dc.subject
TRANCHES
dc.subject
URBANIZATION
dc.subject
WAGES
dc.title
Social Capital, Product Imitation and Growth with Learning Externalities
en
okr.date.disclosure
2013-09-01
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2013/09/18265391/social-capital-product-imitation-growth-learning-externalities
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Social, Urban, Rural and Resilience
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-6607
okr.identifier.externaldocumentum
000158349_20130917155015
okr.identifier.internaldocumentum
18265391
okr.identifier.report
WPS6607
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/09/17/000158349_20130917155015/Rendered/PDF/WPS6607.pdf
en
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Social Development :: Social Capital
okr.topic
Macroeconomics and Economic Growth :: Political Economy
okr.topic
Economic Theory and Research
okr.topic
Private Sector Development :: Emerging Markets
okr.unit
Development Research Group (DECRG)
okr.volume
1 of 1

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