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The role of human and social capital in growth: extending our understanding

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  • Barbara Piazza-Georgi
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    Abstract

    Human capital, institutions and social capital are now all recognised as significant factors of growth. They have largely been studied separately, and although they present sufficient common characteristics to be conceptualised as one main category distinct from physical capital, it may still be more important to focus on the links between their specific sub-categories. Direct links with income may be spurious, as there appears to be a 'web of associations' between the sub-categories, which would benefit from further empirical investigation. This paper reviews the literature on human capital, institutions and social capital, extracting three sub-categories of human capital (human skills capital, stock-of-knowledge and entrepreneurship) and two of social capital (low- and high-rationalisation). Specific areas are then suggested for further empirical study. Copyright 2002, Oxford University Press.

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    Bibliographic Info

    Article provided by Oxford University Press in its journal Cambridge Journal of Economics.

    Volume (Year): 26 (2002)
    Issue (Month): 4 (July)
    Pages: 461-479

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    Handle: RePEc:oup:cambje:v:26:y:2002:i:4:p:461-479

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    Cited by:
    1. A. Willem & H. Scarbrough, 2005. "Social capital and political bias in knowledge sharing: An exploratory study," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 05/355, Ghent University, Faculty of Economics and Business Administration.
    2. Fabio Sabatini, 2005. "The empirics of social capital and economic development. A critical perspective," Development and Comp Systems 0512015, EconWPA.
    3. Mark Rogers, 2003. "Directly Unproductive Schooling: How Country Characteristics Affect the Impact of Schooling on Growth," Economics Series Working Papers 166, University of Oxford, Department of Economics.
    4. Lehtonen, Markku, 2004. "The environmental-social interface of sustainable development: capabilities, social capital, institutions," Ecological Economics, Elsevier, vol. 49(2), pages 199-214, June.
    5. Sarker, Debnarayan & Das, Nimai, 2004. "Social Capital and Joint Forest Management Programme: A Comparative Study on Female-headed and Joint Forest Protection Committees in West Bengal," MPRA Paper 14780, University Library of Munich, Germany, revised 2005.
    6. Enrico Santarelli & Hien Tran, 2013. "The interplay of human and social capital in shaping entrepreneurial performance: the case of Vietnam," Small Business Economics, Springer, vol. 40(2), pages 435-458, February.
    7. Willem, A. & Van den Broeck, H., 2007. "Learning mode of small business owners," Vlerick Leuven Gent Management School Working Paper Series 2007-9, Vlerick Leuven Gent Management School.
    8. Fabio Sabatini, 2006. "The Empirics of Social Capital and Economic Development: A Critical Perspective," Working Papers 2006.15, Fondazione Eni Enrico Mattei.
    9. Petrakis, P.E. & Stamatakis, D., 2005. "Human capital, growth and convergence traps: Implications from a cross-country analysis," Proceedings of the German Development Economics Conference, Kiel 2005 26, Verein für Socialpolitik, Research Committee Development Economics.
    10. Junyi Shen & Xiangdong Qin, 2013. "Cooperation, Trust, and Economic Development: An Experimental Study in China," Discussion Paper Series DP2013-14, Research Institute for Economics & Business Administration, Kobe University.
    11. Dieter Sadowski & Oliver Ludewig, 2003. "Organisational Capital: The Power of an Economic Metaphor: Organisational Capital in German Establishments," IAAEG Discussion Papers until 2011 200302, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
    12. Espen Villanger & Anette Walstad Enes, 2004. "The role of participation and empowerment in income and poverty dynamics in Indonesia 1993-2000," CMI Working Papers WP 2004: 13, CMI (Chr. Michelsen Institute), Bergen, Norway.
    13. Rooks, Gerrit & Szirmai, Adam & Sserwanga, Arthur, 2009. "The Interplay of Human and Social Capital in Entrepreneurship in Developing Countries: The Case of Keywords: social capital, human capital, entrepreneurship, developing countries," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
    14. Sjoerd Beugelsdijk & Ton Van Schaik, 2003. "Social capital and regional economic growth," ERSA conference papers ersa03p518, European Regional Science Association.
    15. Barbuta Misu, Nicoleta, 2008. "The enterprise’ performance in the knowledge based society," MPRA Paper 17807, University Library of Munich, Germany.
    16. Heilbrunn, Sibylle, 2005. "Entrepreneurship, Social Capital and Community Development: The case of Israeli Kibbutz," Journal of Rural Cooperation, Hebrew University, Center for Agricultural Economic Research, vol. 33(2).
    17. Das, Nimai, 2009. "Understanding of Social Capital in Gender-based Participatory JFM Programme: An Evidence from West Bengal," MPRA Paper 15304, University Library of Munich, Germany.
    18. Fabio Sabatini, 2005. "The empirics of social capital and economic development: a critical perspective," Development and Comp Systems 0512008, EconWPA.
    19. Beugelsdijk, Sjoerd & van Schaik, Ton, 2005. "Social capital and growth in European regions: an empirical test," European Journal of Political Economy, Elsevier, vol. 21(2), pages 301-324, June.

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