Publication Date:
2005
Short description:
On the Possible Conflict Between Economic Growth and Social Development / Antoci, A., Sacco, P.L., Vanin, P.. - (2005), pp. 150-173.
abstract:
The present contribution proposes a simple model of private and social capital to study the relationship between economic growth and
social development. 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 initial relative endowment of private and social capital, social technology, and the degree of individual impatience. These dynamics affect and are affected by the choice of time allocation between labour and social
participation and by the choice of consumption of both private and relational goods. Taking all these aspects into account allows us to study in an articulated way the interplay between the private and social components of well-being.
social development. 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 initial relative endowment of private and social capital, social technology, and the degree of individual impatience. These dynamics affect and are affected by the choice of time allocation between labour and social
participation and by the choice of consumption of both private and relational goods. Taking all these aspects into account allows us to study in an articulated way the interplay between the private and social components of well-being.
Iris type:
2.1 Contributo in volume (Capitolo o Saggio)
Keywords:
Social capital; Relational goods; Time allocation
List of contributors:
Antoci, Angelo; Sacco, P. L.; Vanin, P.
Book title:
Economics and Social Interaction: Accounting for Interpersonal Relations