The Effects of Productivity on Participation in Social Capital Groups: A Study of Small and Informal Firms in Colombia

Manuel Rojas Echeverri
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Manuel Rojas Echeverri: Secretaría Distrital de Desarrollo Económico

Revista de Economía del Rosario, 2024, vol. 27, issue 1, No 1, 34 pages

Abstract: There has been no consensus in the literature on the relationship between social capital and small firms. It has been thought that social capital re-places and contributes public goods that these firms cannot access, and there is anecdotal evidence in the world of small and informal firms about their participation in associations and groups of social capital. Based on a methodology of instrumental variables, the effect of productivity per worker on participation in social capital groups is estimated. The results suggest that the most productive firms are more likely to belong to associations.

Keywords: social capital; formal social capital; associations; cooperatives; informality; productivity; instrumental variables (search for similar items in EconPapers)
JEL-codes: D24 Z13 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:col:000151:022162

DOI: 10.12804/revistas.urosario.edu.co/e

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