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The Effects of Productivity on Participation in Social Capital Groups: A Study of Small and Informal Firms in Colombia

Author

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  • Manuel Rojas Echeverri

    (Secretaría Distrital de Desarrollo Económico)

Abstract

There has been no consensus in the literature on the relationship between social capital and small firms. It has been thought that social capital re-places and contributes public goods that these firms cannot access, and there is anecdotal evidence in the world of small and informal firms about their participation in associations and groups of social capital. Based on a methodology of instrumental variables, the effect of productivity per worker on participation in social capital groups is estimated. The results suggest that the most productive firms are more likely to belong to associations.

Suggested Citation

  • Manuel Rojas Echeverri, 2024. "The Effects of Productivity on Participation in Social Capital Groups: A Study of Small and Informal Firms in Colombia," Revista de Economía del Rosario, Universidad del Rosario, vol. 27(1), pages 1-34.
    • Handle: RePEc:col:000151:022162
    DOI: 10.12804/revistas.urosario.edu.co/e
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    References listed on IDEAS

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    1. Dessí, Roberta & Piccolo, Salvatore, 2016. "Merchant guilds, taxation and social capital," European Economic Review, Elsevier, vol. 83(C), pages 90-110.
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    JEL classification:

    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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