Social Capital as a Determinant of Economic Growth in Africa
AbstractThis paper reviews the methodology and evidence of recent regression literature attributing the African growth shortfall to lack of social capital. It finds that the literature is not able to account for the actual economic growth experience, only in a significantly reformulated and misleading way. The paper considers how social capital is defined and which proxies are used in the literature, and notes considerable theoretical and empirical inconsistency. In conclusion the paper supports the contention that social capital is best understood as an outcome, and not a cause of growth. At the present state of the literature explaining economic growth the use of social capital as a determinant. has not been empirically useful nor analytically coherent.
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Bibliographic InfoPaper provided by The Ratio Institute in its series Ratio Working Papers with number 108.
Length: 29 pages
Date of creation: 16 Nov 2006
Date of revision:
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Phone: 08-441 59 00
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More information through EDIRC
Social Capital; Africa; Economic Growth;
Find related papers by JEL classification:
- N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
This paper has been announced in the following NEP Reports:
- NEP-AFR-2006-11-25 (Africa)
- NEP-ALL-2006-11-25 (All new papers)
- NEP-DEV-2006-11-25 (Development)
- NEP-SOC-2006-11-25 (Social Norms & Social Capital)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Daron Acemoglu & Tristan Reed & James A. Robinson, 2013. "Chiefs: Elite Control of Civil Society and Economic Development in Sierra Leone," NBER Working Papers 18691, National Bureau of Economic Research, Inc.
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