Akçomak, I. Semih; ter Weel, Bas - Institute for the Study of Labor (IZA) - 2008
production. In this set up the accumulation of capital generates knowledge which benefits
society and increases income. Knowledge … the accumulation of knowledge by introducing the stock of social capital.
The stock of social capital has a positive … effect on the accumulation of knowledge, which in
turn increases output. The idea is that social capital has a positive …