Institutional Collective Action, Social Capital and Regional Development Partnership

The Role of Dynamic Social Capital on Economic Development Partnerships Within and Across Communities

“…To fill the gap, our study conceptualizes various dimensions of social capital that influence the creation of local economic development partnerships. In spite of the several forms, social capital is overall categorized as structural and cognitive dimensions (Grootaert & Bastelaer, 2001;Krishna, 2000;Park & Feiock, 2004;Post, 2010;Uphoff, 2000). The studies generally defined the forms of social capital as trust, networks, and norms that facilitate cooperation and coordination for mutual interests of governance.…”

Types of Network Governance and Network Performance: Community Development Project Case

“…Collaborative decisions are more easily reached when the number of actors is small enough that agreements can be reached at a reasonable cost; and it is generally assumed that collaborative governance becomes more difficult when group size and diversity increases, introducing many different needs and perspectives. In this case, disagreements can overwhelm potential agreements (Park 2005;Park and Feiock 2007). But more important is the actual participation in a network, rather than simply the number of actors.…”

“…The benefits of network governance are considerable, including information and knowledge sharing, more efficient use of resources, learning enhancement, and the building of trust (Park and Feiock 2007). Collaborative governance is expected to emerge when potential benefits are high and the transaction costs of negotiating, monitoring, and enforcing agreements are low (Feiock, Steinacker and Park 2009).…”

“…Collaboration among local governments, state and national government agencies, private firms, and nonprofit organizations to handle societal and community needs has become commonplace (Bryson and Crosby 2008). Community development partnership alliances are formed by local government, not-for-profit organizations, and private firms to enhance the community economy and living environment (Park and Feiock 2007;Lee and Park 2007). It seems obvious that resource dependency induces various organizations within local governments to act in a cooperative way (Ansell and Gash 2008;Lundin 2007).…”

Regional Partnerships and Metropolitan Economic Development

“…Recent research efforts examine the formation and evolution of regional partnerships over time (Park and Feiock, ; Lee and Park, ), yet we still know very little about the economic consequences of REDP formation and evolution on metropolitan economies. Does cooperation among local governments through regional economic development partnerships (REDPs) produce business, income, and employment growth in U.S. metropolitan areas?…”