FEEM working papers "Note di lavoro" series
2010 .100

The Solaria Syndrome: Social Capital in a Growing Hyper-technological Economy


Authors: Angelo Antoci, Fabio Sabatini, Mauro Sodini
Series: Economy and Society
Editor: Gianmarco I.P. Ottaviano
Type: Journal
Keywords: Technology, Economic Growth, Relational Goods, Social Participation, Social Capital
JEL n.: O33, J22, O41, Z13
JEL: Journal of Economic Behavior & Organization
Pages: Volume 81, Issue 3, Pages 802-814, ISSN 0167-2681
Date: 03/2012

Abstract

We develop a dynamic model to analyze the sources and the evolution of social participation and social capital in a growing economy characterized by exogenous technical progress. Starting from the assumption that the well-being of agents basically depends on material and relational goods, we show that the best-case scenarios hold when technology and social capital both support just one of the two productions at the expenses of the other. However, trajectories are possible where technology and social interaction balance one another in fostering the growth of both the social and the private sector of the economy. Along such tracks, technology may play a crucial role in supporting a “socially sustainable” economic growth.

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Suggested citation: Angelo Antoci, Fabio Sabatini, Mauro Sodini, The Solaria syndrome: Social capital in a growing hyper-technological economy, Journal of Economic Behavior & Organization, Volume 81, Issue 3, March 2012, Pages 802-814, ISSN 0167-2681, http://dx.doi.org/10.1016/j.jebo.2010.12.018

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