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Social Capability and Economic Development

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Abstract

The conventional wisdom is that postwar economic growth has been unpredictable. In the 1960s few observers accurately forecast which countries would grow quickly. In this paper we show that indexes of social development constructed in the early 1960s have considerable predictive power. These results indicate the importance of "social capability" for economic growth. We emphasize that social arrangements matter for reasons beyond those discussed in recent work on trust and social capital. However,we are also able to show that one of the indexes may be a useful proxy for social capital in developing countries.

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  • Johnson, Paul & Temple, Jonathan, 1996. "Social Capability and Economic Development," Vassar College Department of Economics Working Paper Series 37, Vassar College Department of Economics.
  • Handle: RePEc:vas:papers:37
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    Cited by:

    1. L. Bottazzi & M. Da Rin & T. Hellmann, 2007. "The Importance of Trust for Investment: Evidence from Venture Capital," Working Papers 612, Dipartimento Scienze Economiche, Universita' di Bologna.
    2. Sabatini, Fabio, 2006. "The Empirics of Social Capital and Economic Development: A Critical Perspective," Knowledge, Technology, Human Capital Working Papers 12097, Fondazione Eni Enrico Mattei (FEEM).
    3. Charles Plaigin, 2009. "Exploratory study on the presence of cultural and institutional growth spillovers," DULBEA Working Papers 09-03.RS, ULB -- Universite Libre de Bruxelles.
    4. Fabio Sabatini, 2006. "Social Capital and Labour Productivity in Italy," Working Papers 2006.30, Fondazione Eni Enrico Mattei.
    5. Diao, Xinshen & Hazell, Peter & Resnick, Danielle & Thurlow, James, 2006. "The role of agriculture in development: implications for Sub-Saharan Africa," DSGD discussion papers 29, International Food Policy Research Institute (IFPRI).
    6. Lopez-Rodriguez, Patricia & De la Torre Garcia, Rodolfo, 2000. "Closing the gap: the link between social capital and microfinance services," MPRA Paper 22974, University Library of Munich, Germany, revised Jun 2009.
    7. Jonathan Temple, 1997. "St Adam and the Dragons: Neo-classical economics and the East Asian miracle," Oxford Development Studies, Taylor & Francis Journals, vol. 25(3), pages 279-300.
    8. Fabio Sabatini, 2005. "The empirics of social capital and economic development. A critical perspective," Development and Comp Systems 0512015, University Library of Munich, Germany.
    9. Fabio Sabatini, 2005. "Measuring Social Capital in Italy. An Exploratory Analysis," Development and Comp Systems 0504003, University Library of Munich, Germany.
    10. Sabatini, Fabio, 2006. "Social Capital, Public Spending and the Quality of Economic Development: The Case of Italy," Knowledge, Technology, Human Capital Working Papers 12079, Fondazione Eni Enrico Mattei (FEEM).
    11. Shoshana Grossbard-Shechtman & Regenia Gagnier, 2002. "Irma Adelman: A Pioneer in the Expansion of Economics," Feminist Economics, Taylor & Francis Journals, vol. 8(1), pages 101-116.

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