THE APPLICATION OF SOCIAL CAPITAL IN UNDERSTANDING ECONOMIC DEVELOPMENT

John Staatz

No 11716, Staff Paper Series from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: This paper briefly examines how social capital affects overall economic growth processes and individual firm development, both positively and negatively, in low- and middle-income countries. The paper discusses how the concept of social capital is related to simple economic growth models and to the analysis of economic networks these countries. The degree to which social capital can substitute for or complement other forms of capital investment is examined. The paper concludes with suggestions for future research and policy analysis by agricultural economists in this area. Keywords: social capital, economic development, marketing networks

Keywords: Institutional and Behavioral Economics; International Development (search for similar items in EconPapers)
Pages: 14
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:midasp:11716

DOI: 10.22004/ag.econ.11716

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