The purpose of this paper is to suggest a standard method of measurement for social capital. Various authors have investigated the influence of social capital on economic growth but still social capital has not been measured in any satisfactory way. So far, each survey has used its own ad hoc methodology due to the heterogeneity of the very definition of the concept of social capital. A consensus concerning a standardized method of measurement, has not yet been reached. Based on the existing theoretical and empirical approaches, we suggest the use of a questionnaire where the principal component analysis should be applied as the most appropriate method of measurement.
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Paper provided by Aarhus School of Business - Department of Economics in its series Papers with number
00-9.
Length: 27 pages Date of creation: 2000 Date of revision: Handle: RePEc:fth:aascbu:00-9
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Find related papers by JEL classification: A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
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