Contacts, Social Capital and Market Institutions - A Theory of Development

We propose an endogenous growth model, that incorporates both an individual and a communal aspect of Social Capital. In our model, output increases with the stock of business contacts (Relational Capital as one aspect of Social Capital). The modelling of contact creation is based on matching theory. The cost of creating contacts decreases with more Community level Social Capital and Market Institutions.

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Year of publication:	2005-06-15
Authors:	Frijters, Paul ; Bezemer, Dirk ; Dulleck, Uwe
Institutions:	School of Economics and Finance, Business School
Subject:	Social Capital \| Endogenous Growth \| Relational Capital \| Development \| Economic Systems

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Extent:	application/pdf
Series:	Paul Frijters Discussion Papers.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005416533