Social Capital and Economic Development

Torsvik, Gaute

doi:10.1177/104346300012004005

Cited by 86 publications

(49 citation statements)

References 10 publications

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“…Trust is enhanced when individuals are trustworthy, are networked with one another, and are within institutions that reward honest behavior. These relationships are shown in We agree with Torsvik (2000) that trust itself is not a form of social capital but an outcome of the forms of social capital linking them to successful collective action.…”

Section: Trust As Linkage Between the Forms Of Social Capital And Colsupporting

confidence: 70%

The Meaning of Social Capital and Its Link to Collective Action

2007

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Section: Trust As Linkage Between the Forms Of Social Capital And Colsupporting

confidence: 70%

The Meaning of Social Capital and Its Link to Collective Action

2007

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“…In the latter conception, social capital has no role itself, which seems contrary to experience. During the past-20 years, researchers have found empirical evidences that social capital explains the difference in economic growth rate [1], regional difference in economic success [2], and difference in economic outcomes [3][4]. Based on a set of survey, Schmid and Robison [5] tests for the existence of social capital and explores its impact on productivity and utility.…”

Section: Introductionmentioning

confidence: 99%

Is Social Capital Motivated by Self-interest Only? A Case Study on a Well-developed U.S. Rural Community

Zhang¹,

Lynne²

2016

ujar

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The paper examines individual motivation about social capital, measured by willingness to accept of compensation to leave individually valued social relations behind in moving from an ideal-type mid-western rural community, referred to "Nirvana." The Heckman two steps method is applied to analyze a survey conducted in Nirvana. In Step1, 665 observations are used to run a Probit estimate on the individual decision to move. In Step2, 438 observations are used to perform a Semi-log OLS estimate of social capital value. The empirical analysis suggests that social capital investment is driven by the dual motivation represented in an egoistic based self-interest and an empathy-sympathy based other-interest, both of which are jointly pursued within the own-interest. This finding implies that community development strategies need to determine the nature of orientation when internalizing the own-interest of individuals in the community in question. This paper provides direct empirical evidence to support that both self-interest and other-interest motivate the investment of social capital in a well-developed rural community. It also helps understanding why some rural communities achieve a higher state of economic development and community vitality than others. To answer question about what level of self-interest conditioned by the shared other interest works best, will require further testing in various communities, other than just one case study.

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“…The better diffusion of information and the higher opportunity cost of free-riding make the agents' behaviour more foreseeable and causes an uncertainty reduction. Therefore, an increase in trust-based relations reduces the average cost of transactions, just as an increase in physical capital reduces the average cost of production (Paldam and Svendsen, 2000, Routledge and von Amsberg, 2003, Torsvik, 2000, Zak and Knack, 2001. Many empirical studies suggest that, at the aggregate level, this mechanism may influence the economic performance and the process of development, providing a credible explanation for growth differentials among regions with similar endowments in terms of the other forms of capital.…”

Section: Social Capital and Economic Developmentmentioning

confidence: 99%

Social Capital and Labour Productivity in Italy

Sabatini

2006

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Social Capital and Labour Productivity in Italy SummaryThis paper carries out an empirical assessment of the relationship between social capital and labour productivity in small and medium enterprises in Italy. By means of structural equations models, the analysis investigates the effect of different aspects of the multifaceted concept of social capital. The bonding social capital of strong family ties and the bridging social capital shaped by informal ties connecting friends and acquaintances are proved to exert a negative effect on labour productivity, the economic performance, and human development. On the contrary, the linking social capital of voluntary organizations positively influences such outcomes.

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Social Capital and Economic Development

Cited by 86 publications

References 10 publications

The Meaning of Social Capital and Its Link to Collective Action

The Meaning of Social Capital and Its Link to Collective Action

Is Social Capital Motivated by Self-interest Only? A Case Study on a Well-developed U.S. Rural Community

Social Capital and Labour Productivity in Italy

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