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This paper studies a two-sector endogenous growth model with <p> labour augmenting externalities or Harrod-Neutral technical change. The <p> technologies are general and the preferences are of the CES class. If con- <p> sumers are su±ciently patient, ergodic chaos and geometric sensitivity to <p> initial...</p></p></p></p>
Persistent link: https://www.econbiz.de/10005652438
We develop a two-sector model to analyze which kind of social <p> organization generates trust. Social capital is de…ned as trust. We examine two <p> communities: the bedroom community in which people commute long distance <p> to work and the virility community in which people do not commute to work. <p>...</p></p></p></p>
Persistent link: https://www.econbiz.de/10005652477
We study how trust is generated in society. In a two-sector <p> model, we analyze two communities. In the bonding community people do not <p> trust people outside their regular networks. In the bridging community people <p> choose to trust strangers when they meet them. The hypothesis is that when <p> trust...</p></p></p></p>
Persistent link: https://www.econbiz.de/10005652487
We develop a two-sector model to analyze which kind of social <p> organization generates social capital. The hypothesis is that social capital must <p> be added as an important production factor when considering decentralization <p> of production. Thus, market centralization processes in a capitalist...</p></p></p>
Persistent link: https://www.econbiz.de/10005652495