Social networks as a catalyst of economic change

Nicolas Sauter ()

Economics Letters, 2015, vol. 134, issue C, 45-48

Abstract: This letter finds that East Germans with strong social ties invested earlier in a popular new financial product after reunification, while long-term ownership remained unaffected. Hence, studies of the economic impact of social networks should distinguish transitory from long-run effects.

Keywords: Social networks; Portfolio choice; Split-population duration model; German reunification (search for similar items in EconPapers)
JEL-codes: D14 G11 P36 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:134:y:2015:i:c:p:45-48

DOI: 10.1016/j.econlet.2015.06.010

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