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    Social capital: a roadmap of theoretical and empirical contributions and limitations

    Andriani, Luca and Christoforou, A. (2016) Social capital: a roadmap of theoretical and empirical contributions and limitations. Journal of Economic Issues 50 (1), pp. 4-22. ISSN 0021-3624.

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    Abstract

    The general idea of social capital is that relationships matter. In this sense, the trust, cooperation and reciprocity involved in these relationships can have a positive impact on the wealth of society by reducing transaction costs, facilitating collective actions, and lowering opportunistic behavior. This work sheds light on the different theoretical and empirical problems that a scholar is likely to face in dealing with social capital research and analysis. We propose a critical roadmap of the social capital theories and applications for a general audience, nonusers included, with particular attention to the works of political and social economists. We provide a critical debate on the different definitions and measures produced, the theoretical frameworks developed, and the empirical techniques adopted so far in the analysis of the impact of social capital on socio-economic outcomes. We turn to the limitations of these techniques and suggest some basic strategies to reduce the magnitude of these limitations.

    Metadata

    Item Type: Article
    Additional Information: This is an Accepted Manuscript of an article published by Taylor & Francis, available online at the link above.
    Keyword(s) / Subject(s): methodological issues, poverty, regional economics, social capital, social network, structural dimensions, trust
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Management
    Research Centre: Innovation Management Research, Birkbeck Centre for, Corporate Governance and Ethics, London Centre for
    Depositing User: Administrator
    Date Deposited: 09 Jun 2016 10:49
    Last Modified: 03 Sep 2017 00:10
    URI: http://eprints.bbk.ac.uk/id/eprint/15471

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