 DETERMINANTS OF INDIVIDUAL SOCIAL CAPITAL INVESTMENTNo 20224, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Abstract: It has been claimed that social capital has a significant effect on various socio-economic phenomena. Recent articles criticize the social capital literature for emphasizing the implications of social capital without understanding how social capital is formed. This paper presents a model of individual social capital investment that synthesizes ideas from several Economic disciplines so as to capture the important features of social capital: investment requires time to be allocated to social capital production, it is place-specific, the investment decision depends upon individual and social stocks, and its effects generate externalities. Comparative statics derived from the theoretical model will be estimated using data from a survey of homeowners in Franklin County, Ohio. The empirical results show that the predictions of the model reflect actual social capital investment behavior. Keywords: Institutional; and; Behavioral; Economics (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20224 Access Statistics for this paper More papers in 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC. |
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