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The role of human and social capital in growth: extending our understanding

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  • Barbara Piazza-Georgi

Abstract

Human capital, institutions and social capital are now all recognised as significant factors of growth. They have largely been studied separately, and although they present sufficient common characteristics to be conceptualised as one main category distinct from physical capital, it may still be more important to focus on the links between their specific sub-categories. Direct links with income may be spurious, as there appears to be a 'web of associations' between the sub-categories, which would benefit from further empirical investigation. This paper reviews the literature on human capital, institutions and social capital, extracting three sub-categories of human capital (human skills capital, stock-of-knowledge and entrepreneurship) and two of social capital (low- and high-rationalisation). Specific areas are then suggested for further empirical study. Copyright 2002, Oxford University Press.

Suggested Citation

  • Barbara Piazza-Georgi, 2002. "The role of human and social capital in growth: extending our understanding," Cambridge Journal of Economics, Oxford University Press, vol. 26(4), pages 461-479, July.
  • Handle: RePEc:oup:cambje:v:26:y:2002:i:4:p:461-479
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    Cited by:

    1. A. Willem & H. Scarbrough, 2005. "Social capital and political bias in knowledge sharing: An exploratory study," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 05/355, Ghent University, Faculty of Economics and Business Administration.
    2. Junyi Shen & Xiangdong Qin, 2014. "Cooperation, Trust and Economic Development: An Experimental Study in China," Pacific Economic Review, Wiley Blackwell, vol. 19(4), pages 423-438, October.
    3. Beugelsdijk, Sjoerd & van Schaik, Ton, 2005. "Social capital and growth in European regions: an empirical test," European Journal of Political Economy, Elsevier, vol. 21(2), pages 301-324, June.
    4. Petrakis, P.E. & Stamatakis, D., 2005. "Human capital, growth and convergence traps: Implications from a cross-country analysis," Proceedings of the German Development Economics Conference, Kiel 2005 26, Verein für Socialpolitik, Research Committee Development Economics.
    5. Rogers, Mark Llewellyn, 2008. "Directly unproductive schooling: How country characteristics affect the impact of schooling on growth," European Economic Review, Elsevier, vol. 52(2), pages 356-385, February.
    6. A. Willem & H. Van Den Broeck, 2007. "Learning mode of small business owners," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 07/453, Ghent University, Faculty of Economics and Business Administration.
    7. Fabio Sabatini, 2006. "The Empirics of Social Capital and Economic Development: A Critical Perspective," Working Papers 2006.15, Fondazione Eni Enrico Mattei.
    8. Gimmon, Eli & Levie, Jonathan, 2010. "Founder's human capital, external investment, and the survival of new high-technology ventures," Research Policy, Elsevier, vol. 39(9), pages 1214-1226, November.
    9. repec:wsi:jikmxx:v:16:y:2017:i:04:n:s0219649217500423 is not listed on IDEAS
    10. Souksavanh VIXATHEP & Nobuaki MATSUNAGA, 2015. "Entrepreneurial Human and Social Capital in Small Businesses in Vietnam - An Extended Analysis -," GSICS Working Paper Series 29, Graduate School of International Cooperation Studies, Kobe University.
    11. Beugelsdijk, S. & van Schaik, A.B.T.M., 2001. "Social Capital and Regional Economic Growth," Discussion Paper 2001-102, Tilburg University, Center for Economic Research.
    12. Sarker, Debnarayan & Das, Nimai, 2004. "Social Capital and Joint Forest Management Programme: A Comparative Study on Female-headed and Joint Forest Protection Committees in West Bengal," MPRA Paper 14780, University Library of Munich, Germany, revised 2005.
    13. Nicoleta Barbuta-Misu, 2008. "The Enterprise’ Performance in the Knowledge Based Society," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 95-102.
    14. Fabio Sabatini, 2005. "The empirics of social capital and economic development. A critical perspective," Development and Comp Systems 0512015, EconWPA.
    15. Heilbrunn, Sibylle, 2005. "Entrepreneurship, Social Capital and Community Development: The case of Israeli Kibbutz," Journal of Rural Cooperation, Hebrew University, Center for Agricultural Economic Research, vol. 33(2).
    16. Enrico Santarelli & Hien Tran, 2013. "The interplay of human and social capital in shaping entrepreneurial performance: the case of Vietnam," Small Business Economics, Springer, vol. 40(2), pages 435-458, February.
    17. Espen Villanger & Anette Walstad Enes, 2004. "The role of participation and empowerment in income and poverty dynamics in Indonesia 1993-2000," CMI Working Papers WP 2004: 13, CMI (Chr. Michelsen Institute), Bergen, Norway.
    18. Das, Nimai, 2009. "Understanding of Social Capital in Gender-based Participatory JFM Programme: An Evidence from West Bengal," MPRA Paper 15304, University Library of Munich, Germany.
    19. Lehtonen, Markku, 2004. "The environmental-social interface of sustainable development: capabilities, social capital, institutions," Ecological Economics, Elsevier, vol. 49(2), pages 199-214, June.
    20. Dieter Sadowski & Oliver Ludewig, 2003. "Organisational Capital: The Power of an Economic Metaphor: Organisational Capital in German Establishments," IAAEG Discussion Papers until 2011 200302, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
    21. Rooks, Gerrit & Szirmai, Adam & Sserwanga, Arthur, 2009. "The Interplay of Human and Social Capital in Entrepreneurship in Developing Countries: The Case of Keywords: social capital, human capital, entrepreneurship, developing countries," WIDER Working Paper Series 009, World Institute for Development Economic Research (UNU-WIDER).
    22. Yolande E. Chan & James S. Denford & Joyce Y. Jin, 2016. "Competing Through Knowledge and Information Systems Strategies: A Study of Small and Medium-Sized Firms," Journal of Information & Knowledge Management (JIKM), World Scientific Publishing Co. Pte. Ltd., vol. 15(03), pages 1-37, September.
    23. Hvižďáková Ivana & Urbančíková Nataša, 2014. "The Level of Social Capital, Innovation and Competitiveness in the Countries of the European Union (EU)," European Spatial Research and Policy, De Gruyter Open, vol. 21(1), pages 1-14, May.
    24. Fabio Sabatini, 2005. "The empirics of social capital and economic development: a critical perspective," Development and Comp Systems 0512008, EconWPA.
    25. Lin, Wen-Ting, 2016. "FDI decisions and business-group insider control: Evidence from Taiwanese group-affiliated firms investing in the Chinese market," Journal of World Business, Elsevier, vol. 51(4), pages 525-533.

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