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Social capital at the outburst of the economic crisis in Greece, 2008-2010

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  • Irene Daskalopoulou

    (Department of Economics, University of Peloponnese, ThesiSechi (Proin 4o PedioVolis), Tripoli 22100, Greece)

Abstract

Purpose – Social capital and its core components of social trust and associational activity are widely acknowledged as a core feature of strong and active civil societies that promote effective democratic governance and economic prosperity. Within this context the present study sets out to explore two important research questions. The first one relates to the stock of social capital characterizing Greece and its change during a highly sensitive era, that of the outburst of the economic crisis. The second research question relates to analyzing the group of civil servants as carriers of higher or lower levels of social capital compared to the other citizens. Design/methodology/approach – Based on the available knowledge in the field social capital is measured via the measurement of six main constructs comprising the soft and hard attributes of the concept, namely social trust, social altruism, equality, tolerance, humanitarianism and civic participation. Data are drawn from the European Social Value round 4 (2008) and round 5 (2010) surveys for Greece. Findings – Overall, empirical analysis indicates that the country experiences a statistically significant decline in its social capital level while public servants hold higher levels of social capital albeit also declining as for the rest of the country's citizens. Research limitations/implications – Important policy implications arise as a result of these findings related to issues of democratic legitimation and social participation. Originality/value –the research questions analysed here are important as they can help us sketch the country’s profile with regard to the important concept of social capital that is highly associated with civil empowerment, democratization and increased civil participation levels.

Suggested Citation

  • Irene Daskalopoulou, 2016. "Social capital at the outburst of the economic crisis in Greece, 2008-2010," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 9(2), pages 79-86, June.
    • Handle: RePEc:tei:journl:v:9:y:2016:i:2:p:79-86
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    References listed on IDEAS

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    1. Jones, Nikoleta & Malesios, Chrisovaladis & Iosifides, Theodoros & Sophoulis, Costas, 2008. "Social capital in Greece: Measurement and comparative perspectives," MPRA Paper 99299, University Library of Munich, Germany.
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    9. Cosimo Talò & Terri Mannarini, 2015. "Measuring Participation: Development and Validation the Participatory Behaviors Scale," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 123(3), pages 799-816, September.
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    Cited by:

    1. Daskalopoulou & I., 2017. "Democracy and social capital in Greece," Business & Entrepreneurship Journal, SCIENPRESS Ltd, vol. 6(1), pages 1-2.
    2. Irene Daskalopoulou & Athanasia Karakitsiou, 2020. "Regional Social Capital and Economic Growth: Exploratory Evidence from Testing the Virtuous Spiral vs. Vicious Cycle Model for Greece," Sustainability, MDPI, vol. 12(15), pages 1-25, July.

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    More about this item

    Keywords

    Social capital; social trust; civic participation; public servants;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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