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Civic Capital as the Missing Link

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  • Guiso, Luigi
  • Sapienza, Paola
  • Zingales, Luigi

Abstract

This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs that help cooperation - which for clarity we label civic capital. We argue that this definition differentiates social capital from human capital and satisfies the properties of the standard notion of capital. We then argue that civic capital can explain why differences in economic performance persist over centuries and discuss how the effect of civic capital can be distinguished empirically from other variables that affect economic performance and its persistence, including institutions and geography.

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Bibliographic Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 7757.

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Date of creation: Mar 2010
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Handle: RePEc:cpr:ceprdp:7757

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Keywords: Development; Social Capital; Trust;

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References

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Citations

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Cited by:
  1. Marco Bertoni & Giorgio Brunello & Lorenzo Rocco, 2013. "When the cat is near, the mice won't play: the effect of external examiners in Italian schools," LSE Research Online Documents on Economics 48918, London School of Economics and Political Science, LSE Library.
  2. Johannes C. Buggle, 2013. "Law and Social Capital: Evidence from the Code Napoleon in Germany," SOEPpapers on Multidisciplinary Panel Data Research 566, DIW Berlin, The German Socio-Economic Panel (SOEP).
  3. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2013. "The Value of Corporate Culture," NBER Working Papers 19557, National Bureau of Economic Research, Inc.
  4. repec:aia:ginidp:dp17 is not listed on IDEAS
  5. Daron Acemoglu & Ufuk Akcigit & Murat Alp Celik, 2014. "Young, Restless and Creative: Openness to Disruption and Creative Innovations," PIER Working Paper Archive 14-004, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
  6. Corneo, Giacomo & Neher, Frank, 2012. "Income Inequality and Self-Reported Values," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 382, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
  7. Giacomo Corneo, 2011. "GINI DP 17: Income Inequality, Value Systems and Macroeconomic Performance," GINI Discussion Papers 17, AIAS, Amsterdam Institute for Advanced Labour Studies.
  8. L. Rocco; & F. Elena; & M. Suhrcke;, 2011. "From social capital to health - and back," Health, Econometrics and Data Group (HEDG) Working Papers 11/21, HEDG, c/o Department of Economics, University of York.
  9. Matthias Buerker & Gaetano Alfredo Minerva, 2013. "Civic Capital and the Vertical Integration of Service Provision: Evidence from Italy," ERSA conference papers ersa13p1209, European Regional Science Association.
  10. Di Gioacchino, Debora & Sabani, Laura & Tedeschi, Simone, 2014. "Preferences for social protection: Theory and empirics," Economic Modelling, Elsevier, vol. 36(C), pages 629-644.
  11. Guido De Blasio & Guglielmo Barone, 2011. "Local electoral rules and political participation," ERSA conference papers ersa11p418, European Regional Science Association.
  12. Buetzer, Sascha & Jordan, Christina & Stracca, Livio, 2013. "Macroeconomic imbalances: a question of trust?," Working Paper Series 1584, European Central Bank.
  13. Giuseppe Albanese & Guido de Blasio & Paolo Sestito, 2013. "Trust and preferences: evidence from survey data," Temi di discussione (Economic working papers) 911, Bank of Italy, Economic Research and International Relations Area.
  14. Helena Soares & Tiago Neves Sequeira & Pedro Macias Marques & Orlando Gomes & Alexandra Ferreira-Lopes, 2012. "Social Infrastructure and the Preservation of Physical Capital: Equilibria and Transitional Dynamics," Working Papers Series 2 12-04, ISCTE-IUL, Business Research Unit (BRU-IUL).

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