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Social Capital Formation Through a Polish LETS: Challenging the Presumed Merits of Local Currencies

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  • Lopaciuk-Gonczaryk, Beata

Abstract

The study examines the mechanisms of social capital formation in a Polish local exchange trading system to determine whether the interpersonal interactions connected with transactions influence the cooperative attitudes and behaviors of system members. The stochastic actor-oriented model for the coevolution of social network and individual behavior is utilized. Simultaneously analyzing the dynamics of the network of social ties associated with transactions and the change in a proxy for cooperative behavior does not provide evidence for the spreading of cooperative attitudes. Neither exposure to good-example providers nor the high activity of members in the system enhances their cooperative behavior. On the contrary, network formation is conditioned by the cooperative attitudes of its members.

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  • Lopaciuk-Gonczaryk, Beata, 2019. "Social Capital Formation Through a Polish LETS: Challenging the Presumed Merits of Local Currencies," Ecological Economics, Elsevier, vol. 158(C), pages 75-87.
    • Handle: RePEc:eee:ecolec:v:158:y:2019:i:c:p:75-87
    DOI: 10.1016/j.ecolecon.2018.12.004
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