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Social Capital and Economic Performance: A Meta-analysis of 65 Studies

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  • Hans Westlund
  • Frane Adam

Abstract

This paper summarizes 15 years of empirical research at various spatial levels on social capital and economic performance. On the firm level, results are unambiguous: there is strong evidence of the impact of social capital on firms' performance. However, the results become less clear for spatial units with a large number of anonymous actors. The contradictory results of studies on national and regional levels can be explained in part by insufficient measures of the main component parts of social capital: social networks and the norms and values distributed among them. To develop measures for values like creativity, entrepreneurship and tolerance, and to find better measures for social networks, are the main challenges to future research.

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File URL: http://hdl.handle.net/10.1080/09654311003701431
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal European Planning Studies.

Volume (Year): 18 (2009)
Issue (Month): 6 (November)
Pages: 893-919

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Handle: RePEc:taf:eurpls:v:18:y:2009:i:6:p:893-919

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Cited by:
  1. Soogwan Doh & Connie McNeely, 2012. "A multi-dimensional perspective on social capital and economic development: an exploratory analysis," The Annals of Regional Science, Springer, vol. 49(3), pages 821-843, December.
  2. Emilia V√°zquez & Sofia Gomes & Elvira Vieira, 2011. "Entrepreneurship and Economic Growth in Spanish and Portuguese Regions," ERSA conference papers ersa10p1537, European Regional Science Association.
  3. Hans WESTLUND & Malin GAWELL, 2012. "Building Social Capital For Social Entrepreneurship," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 83(1), pages 101-116, 03.
  4. Mendes-Da-Silva, Wesley, 2011. "Small worlds and board interlocking in Brazil: a longitudinal study of corporate networks, 1997-2007," MPRA Paper 34152, University Library of Munich, Germany.
  5. Roman Martin, 2013. "Differentiated Knowledge Bases and the Nature of Innovation Networks," European Planning Studies, Taylor & Francis Journals, vol. 21(9), pages 1418-1436, September.
  6. Marta Portela & Isabel Neira, 2011. "Social Capital and growth in the European Regions," ERSA conference papers ersa10p1160, European Regional Science Association.
  7. Bird, Miriam & Wennberg, Karl, 2014. "Regional influences on the prevalence of family versus non-family start-ups," Journal of Business Venturing, Elsevier, vol. 29(3), pages 421-436.
  8. Hall, Stephen G & Ahmad, Mahyudin, 2013. "Can Trust Explain Social Capital Effect on Property Rights and Growth?," MPRA Paper 48440, University Library of Munich, Germany.
  9. Laurence Saglietto & Delphine David & Cécile Cézanne, 2013. "Étendue du capital social : Une proposition de mesures opérationnelles," Post-Print hal-00876002, HAL.
  10. Yuheng LI & Hans WESTLUND, 2013. "Interpreting Overall Inequality In China: The Roles Of Physical Capital, Human Capital And Social Capital," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 145-150, December.

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