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Applications of Social Capital Theory

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  • Allan Schmid, A.
  • Robison, Lindon J.

Abstract

Experiments and studies were conducted to investigate the role of social capital. Social capital (relationship to others) is a productive asset which is a substitute for and complement to other productive assets. The productivity of social capital leads to the expectation that firms and individuals invest in relationships. Data were collected to answer the following questions: Does the identity (relationship) of trading partners affect selling and buying prices; the acceptance of catastrophic risk; the choice of share or cash leases in agriculture; loan approval; and banks investment to retain customers? The evidence is in the afffirmative.

Suggested Citation

  • Allan Schmid, A. & Robison, Lindon J., 1995. "Applications of Social Capital Theory," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 27(1), pages 59-66, July.
    • Handle: RePEc:cup:jagaec:v:27:y:1995:i:01:p:59-66_01
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    References listed on IDEAS

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    1. Robert H. Frank, 1993. "The Strategic Role of the Emotions," Rationality and Society, , vol. 5(2), pages 160-184, April.
    2. Samuels, Warren J, 1990. "Institutional Economics and the Theory of Cognition: Review Article," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 14(2), pages 219-227, June.
    3. Robison, Lindon J. & Hanson, Steven D., 1995. "Social Capital And Economic Cooperation," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(1), pages 1-16, July.
    4. Robison, Lindon J. & Schmid, A. Allan, 1994. "Can Agriculture Prosper Without Increased Social Capital?," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 9(4), pages 1-3.
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    Cited by:

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    2. Ashleigh Keene & Steven C. Deller, 2015. "Evidence of the Environmental Kuznets’ Curve among US Counties and the Impact of Social Capital," International Regional Science Review, , vol. 38(4), pages 358-387, October.
    3. Robison, Lindon J. & Schmid, A. Allan & Barry, Peter J., 2002. "The Role of Social Capital in the Industrialization of the Food System," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 31(1), pages 1-10, April.
    4. Wilson, Paul N., 2000. "Social Capital, Trust, And The Agribusiness Of Economics," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(1), pages 1-13, July.
    5. Godbersen, Hendrik, 2021. "Let social capital (finally) be (economic) capital - Conceptualising, formalising and operationalising social capital," Arbeitspapiere der FOM 80, FOM Hochschule für Oekonomie & Management.
    6. Rupasingha, Anil & Goetz, Stephan J. & Freshwater, David, 2000. "Social Capital and Economic Growth: A County-Level Analysis," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 32(3), pages 565-572, December.
    7. Shideler, David W. & Kraybill, David S., 2009. "Social capital: An analysis of factors influencing investment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(3), pages 443-455, June.
    8. Ernesto Mesa-Vázquez & Juan F. Velasco-Muñoz & José A. Aznar-Sánchez & Belén López-Felices, 2021. "Three Decades of Behavioural Economics in Agriculture. An Overview of Global Research," Sustainability, MDPI, vol. 13(18), pages 1-21, September.
    9. Jessica Holmes & Jonathan Isham & Jessica Wasilewski, 2002. "Overcoming Information Asymmetries in Low-Income Lending: Lessons from the "Working Wheels" Program," Middlebury College Working Paper Series 0244, Middlebury College, Department of Economics.
    10. Park, William M., 2001. "Searching For The Heart Of Agricultural Economics With 20/20 Vision," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(2), pages 1-15, August.
    11. Mezgebo, Taddese & Dereje, Fikadu, 2010. "Structure, conduct and performance of grain trading in Tigray and its impact on demand for commodity exchange: The case Maychew, Mokone, Alemata, Mekelle and Himora," MPRA Paper 24901, University Library of Munich, Germany.
    12. Kits, Gerda J. & Adamowicz, Wiktor L. & Boxall, Peter C., 2014. "Do conservation auctions crowd out voluntary environmentally friendly activities?," Ecological Economics, Elsevier, vol. 105(C), pages 118-123.
    13. Beilock, Richard, 2000. "The impact of caring on exchange choices and efficiencies: a modification of Boulding's three social organizers," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 29(3), pages 263-279, May.
    14. Iulie Aslaksen & Kjell Arne Brekke, 2000. "Valuation of Social Capital and Environmental Externalities," Discussion Papers 277, Statistics Norway, Research Department.
    15. Schmid, A. Allan, 2000. "Affinity as social capital: its role in development," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 29(2), pages 159-171.
    16. Górriz-Mifsud, Elena & Secco, Laura & Pisani, Elena, 2016. "Exploring the interlinkages between governance and social capital: A dynamic model for forestry," Forest Policy and Economics, Elsevier, vol. 65(C), pages 25-36.
    17. Zhang, Zhenyu & Lynne, Gary D., 2006. "Is Individual Behavior Oriented to Self-interest, Other-interest or both? Empirical Evidence from a Case Study of Social Capital," 2006 Annual meeting, July 23-26, Long Beach, CA 21198, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    18. Peterson, H. Christopher & Robison, Lindon J. & Siles, Marcelo E., 1999. "The Social Capital Foundations Of Trust In Global Agri-Food System Transactions," Staff Paper Series 11490, Michigan State University, Department of Agricultural, Food, and Resource Economics.

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