IDEAS home Printed from https://ideas.repec.org/p/wiw/wiwrsa/ersa11p1531.html
   My bibliography  Save this paper

Institutions, social capital and economic development in Latin America

Author

Listed:
  • Paula Pavarina

    ()

Abstract

Economic theory has proposed and discussed a lot of possible factors or explanations that promote or foster economic development. One of these gathers specific discussions from other Social Sciences, incorporating social, cultural, religious, institutional and political dimensions – and among them, the idea of 'social capital'. Although the discussion held by Putnam on the benefits of association, civic involvement and interpersonal trust is extremely rich, this paper incorporates the discussion advocated by the World Bank, and the central ideas of Woolcock and Narayan papers, since they extend the scope of analysis, making what is called 'synergic vision' of social capital. These authors consider that 'social capital does not exist in a political vacuum', ie there is no way to separate the elements that characterize the social and the political and institutional elements that surround it. The ‘community social capital' of Putnam cannot be understood without the macro-environment in which it operates. Then this paper aims to explain the economic behavior in Latin America, considering the importance of the attributes directly related to social capital (interpersonal trust, which leads to the association and the civic involvement) pari passu governance, ie the formal attributes related to the action of the state, which establishes social, political and economic behavior. It wants to explain if these two dimensions are correlated in order to explain the behavior of agents in different economies in Latin America and their economic development.

Suggested Citation

  • Paula Pavarina, 2011. "Institutions, social capital and economic development in Latin America," ERSA conference papers ersa11p1531, European Regional Science Association.
  • Handle: RePEc:wiw:wiwrsa:ersa11p1531
    as

    Download full text from publisher

    File URL: http://www-sre.wu.ac.at/ersa/ersaconfs/ersa11/e110830aFinal01531.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Norman Loayza & Pablo Fajnzylber & César Calderón, 2005. "Economic Growth in Latin America and the Caribbean : Stylized Facts, Explanations, and Forecasts," World Bank Publications, The World Bank, number 7315, October.
    2. Robert Oxoby, 2009. "Understanding social inclusion, social cohesion, and social capital," International Journal of Social Economics, Emerald Group Publishing, vol. 36(12), pages 1133-1152, October.
    3. Woolcock, Michael & Narayan, Deepa, 2000. "Social Capital: Implications for Development Theory, Research, and Policy," World Bank Research Observer, World Bank Group, vol. 15(2), pages 225-249, August.
    Full references (including those not matched with items on IDEAS)

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wiw:wiwrsa:ersa11p1531. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gunther Maier). General contact details of provider: http://www.ersa.org .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.