Social Capital and Economic Performance: some lessons from Farm Partnerships in Sweden
AbstractThe 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 17916.
Date of creation: 09 Aug 2009
Date of revision:
Social Capital; Organizational Capital; Farm Partnerships; Economic Performance;
Find related papers by JEL classification:
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
- 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)
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.:
- Woolcock, Michael, 2001. "Microenterprise and social capital:: A framework for theory, research, and policy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 30(2), pages 193-198, March.
- Robison, Lindon J. & Schmid, A. Allan & Siles, Marcelo E., 1999.
"Is Social Capital Really Capital?,"
11649, Michigan State University, Department of Agricultural, Food, and Resource Economics.
- Allen, Douglas W & Lueck, Dean, 1998. "The Nature of the Farm," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 343-86, October.
- Steven Durlauf & Marcel Fafchamps, 2004.
Development and Comp Systems
- Marcel Fafchamps & Steven N. Durlauf, 2004. "Social Capital," Economics Series Working Papers WPS/2004-14, University of Oxford, Department of Economics.
- Durlauf,S.N. & Fafchamps,M., 2004. "Social capital," Working papers 12, Wisconsin Madison - Social Systems.
- Steven N. Durlauf & Marcel Fafchamps, 2004. "Social Capital," CSAE Working Paper Series 2004-14, Centre for the Study of African Economies, University of Oxford.
- Steven N. Durlauf & Marcel Fafchamps, 2004. "Social Capital," NBER Working Papers 10485, National Bureau of Economic Research, Inc.
- Dufhues, Thomas & Buchenrieder, Gertrud & Fischer, Isabel, 2006. "Social capital and rural development: literature review and current state of the art," IAMO Discussion Papers 96, Leibniz Institute of Agricultural Development in Central and Eastern Europe (IAMO).
- Robison, Lindon J. & Siles, Marcelo E. & Schmid, A. Allan, 2002. "Social Capital And Poverty Reduction: Toward A Mature Paradigm," Agricultural Economic Report Series 10941, Michigan State University, Department of Agricultural, Food, and Resource Economics.
- Joel Sobel, 2002. "Can We Trust Social Capital?," Journal of Economic Literature, American Economic Association, vol. 40(1), pages 139-154, March.
- 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.
- Emery N. Castle, 1998. "A Conceptual Framework for the Study of Rural Places," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(3), pages 621-631.
- Douglas W. Allen & Dean Lueck, 2004. "The Nature of the Farm: Contracts, Risk, and Organization in Agriculture," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262511851, December.
- Valentinov, Vladislav, 2003. "Social capital, transition in agriculture, and economic organisation: a theoretical perspective," IAMO Discussion Papers 53, Leibniz Institute of Agricultural Development in Central and Eastern Europe (IAMO).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.