Social capital: reviewing the concept and its policy implications

Productivity Commission

Public Economics from EconWPA

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.

Keywords: social; capital; -; social; policy; -; cohesion; -norms; -; networks; -; trust (search for similar items in EconPapers)
JEL-codes: D6 D7 H (search for similar items in EconPapers)
Date: 2003-07-28
Note: Type of Document - PDF; prepared on IBM PC; to print on HP;
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwppe:0307001

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