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Social Capital and Economic Development

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  • Marina Della Giusta

    () (School of Economics, University of Reading)

Abstract

The paper reviews the literature on social capital and development and identifies key properties of this concept that are then used in a model illustrating the potential welfare effects from social capital, in terms of both wellbeing and economic benefits. The model focuses on access to inputs into the growth process and identifies necessary conditions for benefits from social capital in terms of the availability of the right kind of intermediary making access to capital resources possible, and the presence of supportive institutions which make minimum human capital and complementary goods available.

Suggested Citation

  • Marina Della Giusta, 2010. "Social Capital and Economic Development," Economics Discussion Papers em-dp2010-02, Department of Economics, Reading University.
  • Handle: RePEc:rdg:emxxdp:em-dp2010-02
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    File URL: http://www.reading.ac.uk/web/FILES/economics/emdp2010083.pdf
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    References listed on IDEAS

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    8. Patrick Francois & Jan Zabojnik, 2005. "Trust, Social Capital, and Economic Development," Journal of the European Economic Association, MIT Press, vol. 3(1), pages 51-94, March.
    9. Paul Mosley & Marina Della Giusta, 1999. "A model of social capital and access to productive resources," Journal of International Development, John Wiley & Sons, Ltd., vol. 11(7), pages 921-934.
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    Cited by:

    1. Francesco Sarracino & Małgorzata Mikucka, 2019. "Consume More, Work Longer, and Be Unhappy: Possible Social Roots of Economic Crisis?," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 14(1), pages 59-84, March.
    2. Mikucka, Malgorzata & Sarracino, Francesco, 2014. "Making economic growth and well-being compatible: the role of trust and income inequality," MPRA Paper 59695, University Library of Munich, Germany.
    3. Marina Della Giusta & Uma Kambhampati, 2006. "Women migrant workers in the UK: social capital, well-being and integration," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(6), pages 819-833.

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    More about this item

    Keywords

    social capital; institutions; group lending; development;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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