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Tesi etd-06152017-223608


Thesis type
Tesi di laurea magistrale
Author
YURDAKUL, EKIN
URN
etd-06152017-223608
Title
Social Capital, Union Bargaining Power and Economic Growth: The Role of Political Participation
Struttura
ECONOMIA E MANAGEMENT
Corso di studi
ECONOMICS
Commissione
relatore Prof. D'Alessandro, Simone
Parole chiave
  • Economic Growth
  • Bargaining Power
  • Leisure
  • Political Participation
  • Social Capital
Data inizio appello
03/07/2017;
Consultabilità
completa
Riassunto analitico
This thesis investigates presumptive effects of the political<br>participation on the economic growth through social<br>capital accumulation. In the second section, by using<br>an endogenous growth model, we examine the issue with<br>a comparison of two economic systems; decentralized and<br>centralized economy in the latter of which the representative<br>household internalizes all externalities in social, productive<br>and private sector, in contrast to the decentralized<br>economy.<br>In the third section, we approach the same point by<br>adopting an efficient bargaining model in which we assume<br>that average level of the political participation is a contributor<br>to the labour union’s bargaining strength. Upon this<br>approach, we develop a comparative analysis by solving the<br>representative household optimization problem in two different<br>scenarios, with and without efficient wage hypothesis.<br>We demonstrate that there exists an effect of the political<br>participation resulting in a positive stationary growth<br>rate in all models. Moreover, we found the average level<br>of political participation to be correlated with the bargained<br>wage rate and the bargained employment rate under the ef-<br>ficient wage hypothesis.<br>
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