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We develop an overlapping generations model to study how the interplay between social and human capital affects fertility. In a framework where families face a trade-off between the quantity and quality of children, we incorporate the assumption that social capital plays a key role in the...
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Trust among individuals of a society is an important dimension of social capital and may have different economic and … development implications. The present study is an attempt to investigate the relationship of trust with economic growth and human … development. It is unique in at least two different aspects. Firstly, it has used an index for quantifying trust which may be more …
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This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...
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By an example of the Linux system, I introduce a concept of the Virtual Production Line (VPL) as an extension of an assembly line, brought in by Henry Ford in motor industry a hundred years ago, and demonstrate its usefulness in an analysis of open source software development. The line is...
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