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Social Capital and Economic Development

  • Marina Della Giusta

    ()

    (School of Economics, University of Reading)

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.

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File URL: http://www.reading.ac.uk/web/FILES/economics/emdp2010083.pdf
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Paper provided by Henley Business School, Reading University in its series Economics & Management Discussion Papers with number em-dp2010-02.

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Length: 37 pages
Date of creation: 07 May 2010
Date of revision:
Handle: RePEc:rdg:emxxdp:em-dp2010-02
Contact details of provider: Postal: PO Box 218, Whiteknights, Reading, Berks, RG6 6AA
Phone: +44 (0) 118 378 8226
Fax: +44 (0) 118 975 0236
Web page: http://www.henley.reading.ac.uk/

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  1. Ernst Fehr & Simon Gaechter, 2000. "Fairness and Retaliation: The Economics of Reciprocity," CESifo Working Paper Series 336, CESifo Group Munich.
  2. Francois, P. & Zabojnik, J., 2003. "Trust, Social Capital and Economic Development," Discussion Paper 2003-116, Tilburg University, Center for Economic Research.
  3. Di Tella, R. & MacCulloch, R.J.: Oswald, A.J., 1997. "The Macroeconomics of Happiness," Papers 19, Centre for Economic Performance & Institute of Economics.
  4. Ostrom, Elinor, 1996. "Crossing the great divide: Coproduction, synergy, and development," World Development, Elsevier, vol. 24(6), pages 1073-1087, June.
  5. 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.
  6. Lundberg, Shelly & Pollak, Robert A, 1994. "Noncooperative Bargaining Models of Marriage," American Economic Review, American Economic Association, vol. 84(2), pages 132-37, May.
  7. Mark Casson & Marina Della Giusta, 2004. "The Costly Business of Trust," Economics & Management Discussion Papers em-dp2004-08, Henley Business School, Reading University.
  8. Paxton, Julia & Graham, Douglas & Thraen, Cameron, 2000. "Modeling Group Loan Repayment Behavior: New Insights from Burkina Faso," Economic Development and Cultural Change, University of Chicago Press, vol. 48(3), pages 639-55, April.
  9. Rafael Gomez & Eric Santor, 2001. "Membership has its priveleges : the effect of social capital and neighbourhood characteristics on the earnings of microfinance borrowers," LSE Research Online Documents on Economics 361, London School of Economics and Political Science, LSE Library.
  10. Sethi, Rajiv & Somanathan, E, 2006. "A Simple Model of Collective Action," Economic Development and Cultural Change, University of Chicago Press, vol. 54(3), pages 725-47, April.
  11. Manser, Marilyn & Brown, Murray, 1980. "Marriage and Household Decision-Making: A Bargaining Analysis," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(1), pages 31-44, February.
  12. Mark Cosson & Marina Delia Giusta, 2004. "The Costly Business of Trust," Development Policy Review, Overseas Development Institute, vol. 22, pages 321-342, 05.
  13. Zhiqi Chen & Frances Woolley, 1999. "A Cournot-Nash Model of Family Decision Making," Carleton Economic Papers 99-13, Carleton University, Department of Economics, revised Oct 2001.
  14. Knack, Stephen & Keefer, Philip, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, MIT Press, vol. 112(4), pages 1251-88, November.
  15. Casson, Mark C. & Della Giusta, Marina & Kambhampati, Uma S., 2010. "Formal and Informal Institutions and Development," World Development, Elsevier, vol. 38(2), pages 137-141, February.
  16. Daniel Kahneman & Alan B. Krueger, 2006. "Developments in the Measurement of Subjective Well-Being," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 3-24, Winter.
  17. Jonathan Morduch, 1999. "The Microfinance Promise," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1569-1614, December.
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