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Dynamics of social trust and human capital in the learning process: The case of the Japan garment cluster in the period 1968-2005

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  • Yamamura, Eiji

Abstract

This 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 Info

Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 72 (2009)
Issue (Month): 1 (October)
Pages: 377-389

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Handle: RePEc:eee:jeborg:v:72:y:2009:i:1:p:377-389

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Web page: http://www.elsevier.com/locate/jebo

Related research

Keywords: Social trust; Human capital; Bayesian learning;

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Cited by:
  1. Fabio Sabatini & Francesca Modena & Ermanno Tortia, 2012. "Do cooperative enterprises create social trust?," EERI Research Paper Series EERI_RP_2012_10, Economics and Econometrics Research Institute (EERI), Brussels.
  2. Justina A V Fischer & Benno Torgler, 2011. "Do Positional Concerns Destroy Social Capital: Evidence from 26 Countries," School of Economics and Finance Discussion Papers and Working Papers Series 265, School of Economics and Finance, Queensland University of Technology.
  3. NAKABAYASHI, Masaki, 2013. "Honesty, Diligence, and Skill: Risk Sharing and Specialization in the Kiryu Silk Weaving Cluster, Japan," ISS Discussion Paper Series (series F) f166, Institute of Social Science, The University of Tokyo, revised 03 Jun 2014.
  4. Dearmon, Jacob & Grier, Robin, 2011. "Trust and the accumulation of physical and human capital," European Journal of Political Economy, Elsevier, vol. 27(3), pages 507-519, September.
  5. Kim, Byung-Yeon & Kang, Youngho, 2014. "Social capital and entrepreneurial activity: A pseudo-panel approach," Journal of Economic Behavior & Organization, Elsevier, vol. 97(C), pages 47-60.
  6. Yamamura, Eiji, 2012. "Smokers’ Preference for Divorce and Extramarital Sex," MPRA Paper 40922, University Library of Munich, Germany.
  7. H.M. Nihal Padmasiri, 2012. "The role of human and social capital on the development of wooden furniture clusters in Sri Lanka," International Journal of Development Issues, Emerald Group Publishing, vol. 11(1), pages 19-36, April.

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