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Social capital: reviewing the concept and its policy implications

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  • Productivity Commission

Abstract

There is scope for Governments to take more account of social capital in policy development, according to this Commission study. This paper suggests that social capital generally brings social and economic benefits by reducing transaction costs, promoting cooperative behaviour, diffusing knowledge and innovations, and enhancing personal well-being.

Suggested Citation

  • Productivity Commission, 2003. "Social capital: reviewing the concept and its policy implications," Public Economics 0307001, EconWPA.
  • Handle: RePEc:wpa:wuwppe:0307001 Note: Type of Document - PDF; prepared on IBM PC; to print on HP;
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    File URL: http://econwpa.repec.org/eps/pe/papers/0307/0307001.pdf
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    References listed on IDEAS

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    9. Streit, Manfred E. & Voigt, Stefan, 1996. "Toward ever closer union--or ever larger? Or both? Entry to the European Union from the perspective of constitutional economics," International Review of Law and Economics, Elsevier, vol. 16(3), pages 385-388, September.
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    Citations

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    Cited by:

    1. Wolz, Axel & Fritzsch, Jana & Reinsberg, Klaus, 2005. "The Impact of Social Capital on Farm and Household Income: Results of a Survey among Individual Farmers in Poland," 94th Seminar, April 9-10, 2005, Ashford, UK 24442, European Association of Agricultural Economists.
    2. Pablo Branas-Garza & Máximo Rossi & Dayna Zaclicever, 2009. "Individual's Religiosity Enhances Trust: Latin American Evidence for the Puzzle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(2-3), pages 555-566, March.
    3. Nicholas Rohde & Conchita D’Ambrosio & Kam Ki Tang & Prasada Rao, 2016. "Estimating the Mental Health Effects of Social Isolation," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 11(3), pages 853-869, September.
    4. Islam, M. Kamrul & Gerdtham, Ulf-G. & Gullberg, Bo & Lindström, Martin & Merlo, Juan, 2008. "Social capital externalities and mortality in Sweden," Economics & Human Biology, Elsevier, vol. 6(1), pages 19-42, March.
    5. Skinner, James & Zakus, Dwight H. & Cowell, Jacqui, 2008. "Development through Sport: Building Social Capital in Disadvantaged Communities," Sport Management Review, Elsevier, vol. 11(3), pages 253-275, November.
    6. LIU Yang, 2015. "The Role of Individual Social Capital in Wage Determination: Evidence from China," Discussion papers 15133, Research Institute of Economy, Trade and Industry (RIETI).
    7. Siahpush, Mohammad & Borland, Ron & Taylor, Janet & Singh, Gopal K. & Ansari, Zahid & Serraglio, Adrian, 2006. "The association of smoking with perception of income inequality, relative material well-being, and social capital," Social Science & Medicine, Elsevier, vol. 63(11), pages 2801-2812, December.

    More about this item

    Keywords

    social capital - social policy - cohesion -norms - networks - trust;

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • H - Public Economics

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