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Could social capital help Czech agriculture?

Author

Listed:
  • J. Chloupková

    (The Royal Veterinary and Agricultural University, Unit of Economics, Copenhagen, Denmark **Aarhus School of Business, Department of Economics, Aarhus, Denmark)

  • Ch. BJØRNSKOV

    (The Royal Veterinary and Agricultural University, Unit of Economics, Copenhagen, Denmark **Aarhus School of Business, Department of Economics, Aarhus, Denmark)

Abstract

Recent literature and research on social capital has demonstrated the economic importance of social features, such as trust and norms that facilitate cooperation. This article focuses on the role of social capital in the context of the Czech agricultural sector. Obtaining credit, sharing machinery, and proliferating information serves as examples where an awareness and reliance on the social capital of rural communities matter. By forming groups and strengthening existing networks, Czech farmers can improve their productivity, as well as their welfare. The article concludes by warning that the Czech state cannot invest directly in social capital, but should create the necessary legal and economic incentives to encourage the formation of social capital.

Suggested Citation

  • J. Chloupková & Ch. BJØRNSKOV, 2002. "Could social capital help Czech agriculture?," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 48(6), pages 245-250.
    • Handle: RePEc:caa:jnlage:v:48:y:2002:i:6:id:5312-agricecon
    DOI: 10.17221/5312-AGRICECON
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    References listed on IDEAS

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    1. Stephen Knack & Philip Keefer, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(4), pages 1251-1288.
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    5. Temple, Jonathan, 1998. "Initial Conditions, Social Capital and Growth in Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 7(3), pages 309-347, October.
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