Social Capital and Economic Development: A Plea for the Mechanisms  

Oleh:

Torsvik, Gaute

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Rationality and Society vol. 12 no. 4 (Nov. 2000), page 451–476.
Topik: development policy; prosocial motivation; reciprocity; social capital; trust and co-operation
Fulltext: 451RS124.pdf (125.52KB)

Isi artikel

Social capital is a topical concept in economic development. The claim is that regional differences in economic success can be explained in terms of differences in various social variables, called social capital. This paper attempts to delineate the mechanisms that link social capital and economic development. I show that social capital can produce two kinds of trust, both of which can reduce transaction costs. It is important to keep these two sources of trust apart, since development policies utilizing social capital have different impacts, depending on the basis of trust.

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