Social Capital in the creation of Human Capital and Economic Growth: A Productive Consumption Approach

@inproceedings{Dinda2016SocialCI,
  title={Social Capital in the creation of Human Capital and Economic Growth: A Productive Consumption Approach},
  author={Soumyananda Dinda and Sidho Kanho Birsha and S. R. Fatepuria},
  year={2016}
}
Social capital is a broad term containing the social networks and norms that generate shared understandings, trust and reciprocity, which underpin cooperation and collective action for mutual benefits, and creates the base for economic prosperity. This study deals with the formation of social capital through development of human capital that is created from productive consumption. This paper attempts to formalize incorporation of social capital (SK). This paper sets up a one-sector growth model… CONTINUE READING
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