A simplified endogenous economic growth model with social capital: Evidence for Ecuador
Journal Title: Business and Economic Horizons - Year 2018, Vol 14, Issue 2
Abstract
The paper presents a simplified economic growth model with social capital, as an alternative for sustained long-term growth. The intuition behind the model suggests its application for developing economies that historically have focused their attention on the accumulation of physical capital and not on endogenous factors such as human capital and social capital. The model is considered as a Cobb-Douglas production function that includes three types of capital: physical, human and social. From the model, we obtain evidence from estimates for the Ecuadorian economy in the period 1980-2015, which underlie the main endogenous sources regarding physical capital. As a result, some policy implications are highlighted.
Authors and Affiliations
Carlos Andres Moreno-Hurtado, Diego Alejandro Ochoa-Jimenez, Gonzalo Leonardo Izquierdo-Montoya
Keywords
Related Articles
- EP ID EP442202
- DOI 10.15208/beh.2018.14
- Views 78
- Downloads 0
Impact of family control on the relationship between earning management and future performance in Indonesia
This study attempts to examine whether the family control has an impact on the relationship between earnings management and future performance. We also will assess whether the auditor has the important role in family fir...
Regional disparities in the spillover effect
The aim is to identify differences in spillovers between regions within the economy of the Czech Republic. Based on the choice of spillover effect determinants and a shift-share analysis, a regional spillovers indicator...
The adoption of mobile payment services by consumers: an empirical analysis results
This study considers the problems of distribution and adoption of mobile payment services in Russia and the factors of their perception by distribution network companies and consumers. To analyze the adoption of mobile p...
Examining the dimensions of governance that are relevant for private investment
Which types of governance indicators matter the most for private investment? This short paper answers the question by examining the impact of specific governance indicators on private investment in a cross-section of dev...
Formation of production networks in ASEAN: Measuring the real value-added and identifying the role of ASEAN countries in the world supply chains
This study addresses the two-fold question of whether the integration-liberalization process of ASEAN is headed towards the creation of a single production base region, and how ASEAN links with other trade blocks. It loo...