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Social capability and economic development

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  • Jonathan Temple
  • Paul Johnson

Abstract

This paper explores the role of 'social capability' in growth and development. We present a wide variety of evidence to show that economic growth is strongly related to the extent of a country's initial social development. We also show that differences in social capability can explain the polarization that may be taking place in the world income distribution. Finally, our results lead us to reject the influential augmented Solow model in favour of the alternative view, in which technology is allowed to differ across countries and social factors play a role in the speed of catching up.

Suggested Citation

  • Jonathan Temple & Paul Johnson, 1996. "Social capability and economic development," Economics Papers 21 & 114, Economics Group, Nuffield College, University of Oxford.
    • Handle: RePEc:nuf:econwp:0021
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    Cited by:

    1. L. Bottazzi & M. Da Rin & T. Hellmann, 2007. "The Importance of Trust for Investment: Evidence from Venture Capital," Working Papers 612, Dipartimento Scienze Economiche, Universita' di Bologna.
    2. Fabio Sabatini, 2006. "Social Capital and Labour Productivity in Italy," Working Papers 2006.30, Fondazione Eni Enrico Mattei.
    3. Jonathan Temple, 1997. "St Adam and the Dragons: Neo-classical economics and the East Asian miracle," Oxford Development Studies, Taylor & Francis Journals, vol. 25(3), pages 279-300.
    4. Fabio Sabatini, 2006. "The Empirics of Social Capital and Economic Development: A Critical Perspective," Working Papers 2006.15, Fondazione Eni Enrico Mattei.
    5. Fabio Sabatini, 2005. "The empirics of social capital and economic development. A critical perspective," Development and Comp Systems 0512015, University Library of Munich, Germany.
    6. Fabio Sabatini, 2005. "Measuring Social Capital in Italy. An Exploratory Analysis," Development and Comp Systems 0504003, University Library of Munich, Germany.
    7. Sabatini, Fabio, 2006. "Social Capital, Public Spending and the Quality of Economic Development: The Case of Italy," Knowledge, Technology, Human Capital Working Papers 12079, Fondazione Eni Enrico Mattei (FEEM).
    8. Shoshana Grossbard-Shechtman & Regenia Gagnier, 2002. "Irma Adelman: A Pioneer in the Expansion of Economics," Feminist Economics, Taylor & Francis Journals, vol. 8(1), pages 101-116.
    9. Charles Plaigin, 2009. "Exploratory study on the presence of cultural and institutional growth spillovers," DULBEA Working Papers 09-03.RS, ULB -- Universite Libre de Bruxelles.
    10. Lopez-Rodriguez, Patricia & De la Torre Garcia, Rodolfo, 2000. "Closing the gap: the link between social capital and microfinance services," MPRA Paper 22974, University Library of Munich, Germany, revised Jun 2009.
    11. Diao, Xinshen & Hazell, Peter & Resnick, Danielle & Thurlow, James, 2006. "The role of agriculture in development: implications for Sub-Saharan Africa," DSGD discussion papers 29, International Food Policy Research Institute (IFPRI).
    12. Adelman, Irma, 1999. "Fallacies In Development Theory And Their Implications For Policy," CUDARE Working Papers 25005, University of California, Berkeley, Department of Agricultural and Resource Economics.

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