Social Capital and Economic Development

Gaute Torsvik

Norway; Department of Economics, University of Bergen from Department of Economics, University of Bergen

Abstract: This paper attempts to delineate the mechanisms that link social capital and economic development. I show that social capital can produce two kinds of trust, both of which can reduce transaction costs. It is important to keep these two sources of trust apart, since development policies utilizing social capital have different impacts, depending on the basis of trust.

Keywords: DEVELOPMENT POLICY; ECONOMIC DEVELOPMENT; CAPITAL INTENSITY (search for similar items in EconPapers)
JEL-codes: O1 O2 (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (39)

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Journal Article: SOCIAL CAPITAL AND ECONOMIC DEVELOPMENT (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:bereco:216

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