| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24533 |
| 来源ID | Working Paper 24533 |
| Social Capital, Government Expenditures and Growth | |
| Giacomo A.M. Ponzetto; Ugo Troiano | |
| 发表日期 | 2018-04-23 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | This paper shows that social capital increases economic growth by raising government investment in human capital. We present a model of stochastic endogenous growth with imperfect political agency. Only some people correctly anticipate the future returns to current spending on public education. Greater social diffusion of information makes this knowledge more widespread among voters. As a result, we find it alleviates myopic political incentives to underinvest in human capital, and it helps the selection of politicians that ensure high productivity in public education. Through this mechanism, we show that social capital raises the equilibrium growth rate of output and reduces its volatility. We provide evidence consistent with the predictions of our model. Individuals with higher social capital are more informed about their government. Countries with higher social capital spend a higher share of output on public education. |
| 主题 | Microeconomics ; Welfare and Collective Choice ; Economics of Information ; Public Economics ; Public Goods ; National Fiscal Issues ; Health, Education, and Welfare ; Education ; Development and Growth ; Growth and Productivity ; Other ; Culture |
| URL | https://www.nber.org/papers/w24533 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582206 |
| 推荐引用方式 GB/T 7714 | Giacomo A.M. Ponzetto,Ugo Troiano. Social Capital, Government Expenditures and Growth. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24533.pdf（362KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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