Is Social Capital Part of the Institutions Continuum and is it a Deep Determinant of Development?

Stephen Knowles ()

No RP2006-25, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: There is a growing literature which analyses, using cross-country data, whether institutions or geography is the most important deep determinant of economic development. The empirical proxies for institutions used in this literature focus on the definition of institutions, formal and informal. This study argues that the concept of informal institutions is similar to social capital. However, the social capital and 'institutions as a deep determinant' literatures rarely acknowledge the existence of the other.

Keywords: Economic development; Sociology of economics; Institutional economics (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (14)

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