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Social Capital

Author

Listed:
  • Steven Durlauf

    (University of Wisconsin)

  • Marcel Fafchamps

    (Centre for the Study of African Economies)

Abstract

This paper surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of social capital, and empirical studies of the role of social capital in various socioeconomic outcomes. While our focus is primarily on the place of social capital in economics, we do consider its broader social science context. We argue that while the social capital literature has produced many insights, a number of conceptual and statistical problems exist with the current use of social capital by social scientists.We propose some ways to strengthen the social capital literature.

Suggested Citation

  • Steven Durlauf & Marcel Fafchamps, 2004. "Social Capital," Development and Comp Systems 0409060, EconWPA.
  • Handle: RePEc:wpa:wuwpdc:0409060 Note: Type of Document - pdf; pages: 91
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    File URL: http://econwpa.repec.org/eps/dev/papers/0409/0409060.pdf
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    Other versions of this item:

    • 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.

    References listed on IDEAS

    as
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    More about this item

    Keywords

    development; growth; identification; inequality; networks; social capital; trust;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation

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