IDEAS home Printed from https://ideas.repec.org/a/eee/soceco/v38y2009i3p443-455.html
   My bibliography  Save this article

Social capital: An analysis of factors influencing investment

Author

Listed:
  • Shideler, David W.
  • Kraybill, David S.

Abstract

This paper investigates how individual and community characteristics affect individual social capital investment behavior. We assume a representative individual maximizes her net benefits from social capital by choosing the amount of social capital investment in each period of her lifecycle. The model parameters are estimated by fitting the model to observed data using computational techniques. Simulations determine how perturbations to individual and community characteristics affect individual social capital behavior. The results suggest that social capital investment occurs irrespective of future benefits, personal characteristics affect the level and variance of investment, and institutions matter in determining social capital investment behavior.

Suggested Citation

  • Shideler, David W. & Kraybill, David S., 2009. "Social capital: An analysis of factors influencing investment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(3), pages 443-455, June.
  • Handle: RePEc:eee:soceco:v:38:y:2009:i:3:p:443-455
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/B6W5H-4V74XN5-1/2/76006ce50d8ba60cc002ec643ce63949
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Sriya Iyer & Michael Kitson & Bernard Toh, 2005. "Social capital, economic growth and regional development," Regional Studies, Taylor & Francis Journals, vol. 39(8), pages 1015-1040.
    2. Edward L. Glaeser & David I. Laibson & José A. Scheinkman & Christine L. Soutter, 2000. "Measuring Trust," The Quarterly Journal of Economics, Oxford University Press, vol. 115(3), pages 811-846.
      • Glaeser, Edward Ludwig & Laibson, David I. & Scheinkman, Jose A. & Soutter, Christine L., 2000. "Measuring Trust," Scholarly Articles 4481497, Harvard University Department of Economics.
    3. Marcel Fafchamps & Bart Minten, 2001. "Social Capital and Agricultural Trade," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(3), pages 680-685.
    4. Paldam, Martin, 2000. " Social Capital: One or Many? Definition and Measurement," Journal of Economic Surveys, Wiley Blackwell, vol. 14(5), pages 629-653, December.
    5. Bellemare, Charles & Kroger, Sabine, 2007. "On representative social capital," European Economic Review, Elsevier, vol. 51(1), pages 183-202, January.
    6. Stephen Knack & Philip Keefer, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, Oxford University Press, vol. 112(4), pages 1251-1288.
    7. Emily Chamlee-Wright, 2008. "The Structure of Social Capital: An Austrian Perspective on its Nature and Development," Review of Political Economy, Taylor & Francis Journals, vol. 20(1), pages 41-58.
    8. Steven N. Durlauf, 2002. "On the Empirics of Social Capital," Economic Journal, Royal Economic Society, vol. 112(483), pages 459-479, November.
    9. Lindon Robison & A. Allan Schmid & Marcelo Siles, 2002. "Is Social Capital Really Capital?," Review of Social Economy, Taylor & Francis Journals, vol. 60(1), pages 1-21.
    10. Rupasingha, Anil & Goetz, Stephan J. & Freshwater, David, 2000. "Social Capital and Economic Growth: A County-Level Analysis," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 32(03), pages 565-572, December.
    11. Fidrmuc, Jan & Gërxhani, Klarita, 2008. "Mind the gap! Social capital, East and West," Journal of Comparative Economics, Elsevier, vol. 36(2), pages 264-286, June.
    12. Daniel V. Rainey & Kenneth L. Robinson & Ivye Allen & Ralph D. Christy, 2003. "Essential Forms of Capital for Sustainable Community Development," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(3), pages 708-715.
    13. Rupasingha, Anil & Goetz, Stephan J. & Freshwater, David, 2006. "The production of social capital in US counties," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(1), pages 83-101, February.
    14. Schmid, A. Allan & Robison, Lindon J., 1995. "Applications Of Social Capital Theory," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(01), July.
    15. Anil Rupasingha & Stephan J. Goetz & David Freshwater, 2002. "Social and institutional factors as determinants of economic growth: Evidence from the United States counties," Review of Economic Design, Springer;Society for Economic Design, vol. 81(2), pages 139-155, April.
    16. Marcel Fafchamps, 2002. "Returns to social network capital among traders," Oxford Economic Papers, Oxford University Press, vol. 54(2), pages 173-206, April.
    17. Edward L. Glaeser & David Laibson & Bruce Sacerdote, 2002. "An Economic Approach to Social Capital," Economic Journal, Royal Economic Society, vol. 112(483), pages 437-458, November.
    18. Susanna Mancinelli & Massimiliano Mazzanti, 2004. "Agents Cooperation and Network Sustainability: A Note on a Microeconomic Approach to Social Capital," Economia politica, Società editrice il Mulino, issue 2, pages 299-322.
    19. A. Allan Schmid, 2003. "Discussion: Social Capital as an Important Lever in Economic Development Policy and Private Strategy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(3), pages 716-719.
    20. Cainelli, Giulio & Mancinelli, Susanna & Mazzanti, Massimiliano, 2007. "Social capital and innovation dynamics in district-based local systems," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(6), pages 932-948, December.
    21. Narayan, Deepa & Pritchett, Lant, 1999. "Cents and Sociability: Household Income and Social Capital in Rural Tanzania," Economic Development and Cultural Change, University of Chicago Press, vol. 47(4), pages 871-897, July.
    22. Rupasingha, Anil & Goetz, Stephan J., 2007. "Social and political forces as determinants of poverty: A spatial analysis," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(4), pages 650-671, August.
    23. 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.
    24. Sean Durkin, "undated". "Measuring Social Capital and Its Economic Impact," University of Chicago - Population Research Center 2000-04, Chicago - Population Research Center.
    25. James E. Rauch, 2001. "Business and Social Networks in International Trade," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1177-1203, December.
    26. Wilson, Paul N., 2000. "Social Capital, Trust, And The Agribusiness Of Economics," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(01), July.
    27. Barkley, David L., 1998. "Communities Left Behind: Can Nonviable Places Become Smart?," The Review of Regional Studies, Southern Regional Science Association, vol. 28(2), pages 1-18, Fall.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Leeves, Gareth.D. & Herbert, Ric., 2014. "Gender differences in social capital investment: Theory and evidence," Economic Modelling, Elsevier, vol. 37(C), pages 377-385.
    2. Stefan D. Josten, 2013. "Middle-Class Consensus, Social Capital And The Fundamental Causes Of Economic Growth And Development," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(1), pages 1-26, March.
    3. repec:wsi:jdexxx:v:22:y:2017:i:02:n:s108494671750008x is not listed on IDEAS

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:soceco:v:38:y:2009:i:3:p:443-455. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu). General contact details of provider: http://www.elsevier.com/locate/inca/620175 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.