The Puzzle of Social Capital: A Critical Review
AbstractThis expository note provides a critical review of the burgeoning literature on social capital and highlights a number of conceptual and empirical issues. First, the concept of social capital remains largely elusive, with many different ideas attached to it. This elusiveness has serious ramifications for empirical and policy analysis. Second, while the concept of social capital is used to highlight the positive, productive aspects of sociability, it fails in important ways to qualify as a form of capital. Third, there are both theoretical and empirical presumptions that social capital can lead to undesirable socioeconomic outcomes. Finally, a large body of empirical work on social capital remains mired in measurement and estimation problems.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 2640.
Date of creation: 2003
Date of revision: 2003
Publication status: Published in Asian Development Review 2.20(2003): pp. 19-39
social capital; poverty; growth; socio-economic outcomes;
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- O1 - Economic Development, Technological Change, and Growth - - Economic Development
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