Contacts, Social Capital and Market Institutions - A Theory of Development

Paul Frijters (), Dirk Bezemer () and Uwe Dulleck ()

Paul Frijters Discussion Papers from School of Economics and Finance, Queensland University of Technology

Abstract: We propose an endogenous growth model, that incorporates both an individual and a communal aspect of Social Capital. In our model, output increases with the stock of business contacts (Relational Capital as one aspect of Social Capital). The modelling of contact creation is based on matching theory. The cost of creating contacts decreases with more Community level Social Capital and Market Institutions.

Keywords: Social Capital; Endogenous Growth; Relational Capital; Development; Economic Systems (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-dev, nep-dge and nep-soc
Date: 2005-06-15
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Related works:
Working Paper: Contacts, Social Capital and Market Institutions - A Theory of Development (2003)
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Persistent link: http://EconPapers.repec.org/RePEc:qut:pfrijt:2005-1

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