A simplified endogenous economic growth model with social capital: Evidence for Ecuador

Business and Economic Horizons Pub Date : 2018-01-01 DOI:10.15208/BEH.2018.14

C. Moreno-Hurtado, Diego Ochoa-Jiménez, Gonzalo Leonardo Izquierdo-Montoya

引用次数: 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.

查看原文本刊更多论文

具有社会资本的简化内生经济增长模型:以厄瓜多尔为例

本文提出了一个包含社会资本的简化经济增长模型，作为持续长期增长的替代方案。该模型背后的直觉表明，它适用于发展中经济体，这些经济体历来把注意力集中在物质资本的积累上，而不是人力资本和社会资本等内生因素。该模型被认为是柯布-道格拉斯生产函数，其中包括三种资本:物质资本、人力资本和社会资本。从模型中，我们从1980-2015年期间厄瓜多尔经济的估计中获得证据，这是关于实物资本的主要内生来源的基础。因此，一些政策影响被凸显出来。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Business and Economic Horizons ECONOMICS-

自引率

0.00%

发文量

期刊介绍： The Business and Economic Horizons (BEH) is an international peer-reviewed journal that publishes high quality theoretical, empirical, and review papers covering the broad spectrum of research in areas of economics, business, management, and finance. The journal aim is to bridge the gap between the theory and the observed data in these constantly developing domains. BEH Editorial Board welcomes the high-quality original research articles and review papers that verify the well-grounded and the emerging theories by employing the econometric, statistical methods or other relevant empirical methods in theoretical and applied economic analysis. BEH does not discriminate articles utilizing the non-mainstream approaches such as experimental research, institutional analysis, other variations of heterodox and developmental economic studies. Therefore, the submissions in any field of micro- and macroeconomics, business ethics, economic policy or finance are appropriate for this journal. We hope, the provided contributions will help to understand the contemporary challenges faced by the private and public sector and will establish an international forum of empirical research.