This paper provides evidence that bridging and bonding social capital as well as social trust may interdependently affect individuals’ earnings and subjective well-being. Based on cross-sectional World Values Survey 2000 data on individuals from Central and Eastern European countries (CEECs), we show that majority of ...
We propose a novel mechanism giving rise to poverty traps and multiple equilibria in economic performance. It is a potentially important source of persistent underdevelopment across countries and regions. At the core of this mechanism, bridging social capital and social trust feed back on each ...
This paper decomposes productivity growth across highly developed OECD countries in the period 1972-2000 into components attributable to domestic R&D output, a catch-up effect, and international technology diffusion via imports of hi-tech products. Two alternative specifications of 'productivity growth' are considered: (i) increments of the ...
We re-estimate the World Technology Frontier (WTF) non-parametrically, using the Data Envelopment Analysis method, with a dataset covering both OECD country-level and US state-level data on GDP per worker and the stocks of physical capital, unskilled labor and skilled labor. The WTF 2000 is found ...
