Social Capital and Economic Performance: some lessons from Farm Partnerships in Sweden

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Social Capital and Economic Performance: some lessons from Farm Partnerships in Sweden

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Fragkandreas, Thanos
Larsen, Karin

Abstract

The social capital literature usually perceives social capital as dues ex machine for economic performance. In this paper we use existing social capital theory to develop a conceptual framework to explain; (i) the importance of organizational capital as the ‘missing link’ between social capital and economic performance, and (ii) the phenomenon of ‘complementarity’ of different forms of capital (i.e. Physical, Financial, Human, Social, Organizational and Economic Capital) as a prerequisite for economic performance. The conceptual framework is applied to Swedish farm partnerships involving machinery- and labour sharing. Our study suggest that (i) social capital combined with other forms of capital, such as financial, human, physical and organizational leads to greater economic outcomes and (ii) the creation of organizational capital can explain higher economic performance.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 17916.

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Date of creation: 09 Aug 2009
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Handle: RePEc:pra:mprapa:17916

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Find related papers by JEL classification:
Z13 - Other Special Topics - - Cultural Economics - - - Social Norms and Social Capital; Social Networks Economic Anthropology
A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics

This paper has been announced in the following NEP Reports:

NEP-ALL-2009-10-24 (All new papers)
NEP-HRM-2009-10-24 (Human Capital & Human Resource Management)
NEP-SOC-2009-10-24 (Social Norms & Social Capital)

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Lyon, Fergus, 2000. "Trust, Networks and Norms: The Creation of Social Capital in Agricultural Economies in Ghana," World Development, Elsevier, vol. 28(4), pages 663-681, April. [Downloadable!] (restricted)
Steven N. Durlauf & Marcel Fafchamps, 2004. "Social Capital," NBER Working Papers 10485, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Other versions:
- Steven Durlauf & Marcel Fafchamps, 2004. "Social Capital," Development and Comp Systems 0409060, EconWPA. [Downloadable!]
- Durlauf, Steven N. & Fafchamps, Marcel, 2005. "Social Capital," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 26, pages 1639-1699 Elsevier. [Downloadable!] (restricted)
Joel Sobel, 2002. "Can We Trust Social Capital?," Journal of Economic Literature, American Economic Association, vol. 40(1), pages 139-154, March. [Downloadable!] (restricted)
Robison, Lindon J & Schmid, A Allan & Siles, Marcelo E, 2002. "Is Social Capital Really Capital?," Review of Social Economy, Taylor and Francis Journals, vol. 60(1), pages 1-21, March. [Downloadable!] (restricted)
Other versions:
- Robison, Lindon J. & Schmid, A. Allan & Siles, Marcelo E., 1999. "Is Social Capital Really Capital?," Staff Papers 11649, Michigan State University, Department of Agricultural, Food, and Resource Economics. [Downloadable!]

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This page was last updated on 2009-12-16.

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