Dynamics of social trust and human capital in the learning process: The case of the Japan garment cluster in the period 1968-2005
AbstractThis paper examined the ways and the extent to which human capital and social trust are associated with the learning process of a manager in making operations decisions through experience. To this end, using a data set originally and purposively constructed by the author, I investigated the development and transformation of the garment industry cluster region of Kojima, Japan. The major findings through statistical estimations are as follows. (1) In the cluster development stage, the social trust of an enterprise and its manager's experiences in firm operations could be regarded as forming a complementary association. (2) In the stage following cluster development, however, a manager's human capital as accumulated through schooling and personal experience, instead of social trust, become complementary.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Behavior & Organization.
Volume (Year): 72 (2009)
Issue (Month): 1 (October)
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Web page: http://www.elsevier.com/locate/jebo
Social trust; Human capital; Bayesian learning;
Other versions of this item:
- yamamura, eiji, 2008. "Dynamics of social trust and human capital in the learning process: The case of the Japan garment cluster in the period 1968-2005," MPRA Paper 10251, University Library of Munich, Germany.
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
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