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Social Capital and Economic Performance: some lessons from Farm Partnerships in Sweden

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  • Fragkandreas, Thanos
  • Larsen, Karin

Abstract

The social capital literature usually perceives social capital as dues ex machine for economic performance. In this paper we use existing social capital theory to develop a conceptual framework to explain; (i) the importance of organizational capital as the ‘missing link’ between social capital and economic performance, and (ii) the phenomenon of ‘complementarity’ of different forms of capital (i.e. Physical, Financial, Human, Social, Organizational and Economic Capital) as a prerequisite for economic performance. The conceptual framework is applied to Swedish farm partnerships involving machinery- and labour sharing. Our study suggest that (i) social capital combined with other forms of capital, such as financial, human, physical and organizational leads to greater economic outcomes and (ii) the creation of organizational capital can explain higher economic performance.

Suggested Citation

  • Fragkandreas, Thanos & Larsen, Karin, 2009. "Social Capital and Economic Performance: some lessons from Farm Partnerships in Sweden," MPRA Paper 17916, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:17916
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    File URL: https://mpra.ub.uni-muenchen.de/17916/1/MPRA_paper_17916.pdf
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    References listed on IDEAS

    as
    1. Durlauf, Steven N. & Fafchamps, Marcel, 2005. "Social Capital," Handbook of Economic Growth,in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 26, pages 1639-1699 Elsevier.
    2. Joel Sobel, 2002. "Can We Trust Social Capital?," Journal of Economic Literature, American Economic Association, vol. 40(1), pages 139-154, March.
    3. Allen, Douglas W & Lueck, Dean, 1998. "The Nature of the Farm," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 343-386, October.
    4. 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.
    5. Woolcock, Michael, 2001. "Microenterprise and social capital:: A framework for theory, research, and policy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 30(2), pages 193-198, March.
    6. Douglas W. Allen & Dean Lueck, 2004. "The Nature of the Farm: Contracts, Risk, and Organization in Agriculture," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262511851, March.
    7. Lyon, Fergus, 2000. "Trust, Networks and Norms: The Creation of Social Capital in Agricultural Economies in Ghana," World Development, Elsevier, vol. 28(4), pages 663-681, April.
    8. Valentinov, Vladislav, 2003. "Social Capital, Transition In Agriculture, And Economic Organisation: A Theoretical Perspective," IAMO Discussion Papers 14935, Institute of Agricultural Development in Transition Economies (IAMO).
    9. Foley, Michael W. & Edwards, Bob, 1999. "Is It Time to Disinvest in Social Capital?," Journal of Public Policy, Cambridge University Press, vol. 19(02), pages 141-173, May.
    10. Dufhues, Thomas & Buchenrieder, Gertrud & Fischer, Isabel, 2006. "Social Capital And Rural Development: Literature Review And Current State Of The Art," IAMO Discussion Papers 92017, Institute of Agricultural Development in Transition Economies (IAMO).
    11. repec:zbw:iamodp:92017 is not listed on IDEAS
    12. Robison, Lindon J. & Siles, Marcelo E. & Schmid, A. Allan, 2002. "Social Capital And Poverty Reduction: Toward A Mature Paradigm," Agricultural Economic Report Series 10941, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    13. 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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Social Capital; Organizational Capital; Farm Partnerships; Economic Performance;

    JEL classification:

    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics

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