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Contacts, Social Capital and Market Institutions - A Theory of Development

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Author Info
Paul Frijters
Dirk Bezemer
Uwe Dulleck (School of Economics and Finance, Queensland University of Technology)

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Abstract

We propose an endogenous growth model, that incorporates both an individual and a communal aspect of Social Capital. In our model, output increases with the stock of business contacts (Relational Capital as one aspect of Social Capital). The modelling of contact creation is based on matching theory. The cost of creating contacts decreases with more Community level Social Capital and Market Institutions.

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Paper provided by School of Economics and Finance, Queensland University of Technology in its series Paul Frijters Discussion Papers with number 2005-1.

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Date of creation: 15 Jun 2005
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Handle: RePEc:qut:pfrijt:2005-1

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Keywords: Social Capital Endogenous Growth Relational Capital Development Economic Systems

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Full references

Cited by:
(explanations, 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.)

  1. Uwe Dulleck & Dirk J. Bezemer & Paul Frijters, 2004. "Social Capital, Creative Destruction and Economic Growth," Vienna Economics Papers 0406, University of Vienna, Department of Economics. [Downloadable!]
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