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The Application Of Social Capital In Understanding Economic Development

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  • Staatz, John M.

Abstract

This paper briefly examines how social capital affects overall economic growth processes and individual firm development, both positively and negatively, in low- and middle-income countries. The paper discusses how the concept of social capital is related to simple economic growth models and to the analysis of economic networks these countries. The degree to which social capital can substitute for or complement other forms of capital investment is examined. The paper concludes with suggestions for future research and policy analysis by agricultural economists in this area. Keywords: social capital, economic development, marketing networks

Suggested Citation

  • Staatz, John M., 1998. "The Application Of Social Capital In Understanding Economic Development," Staff Paper Series 11716, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:11716
    DOI: 10.22004/ag.econ.11716
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    File URL: https://ageconsearch.umn.edu/record/11716/files/sp98-17.pdf
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    Cited by:

    1. 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.

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