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Social Capital and Economic Performance: A Meta-analysis of 65 Studies

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  • Hans Westlund
  • Frane Adam

Abstract

This paper summarizes 15 years of empirical research at various spatial levels on social capital and economic performance. On the firm level, results are unambiguous: there is strong evidence of the impact of social capital on firms' performance. However, the results become less clear for spatial units with a large number of anonymous actors. The contradictory results of studies on national and regional levels can be explained in part by insufficient measures of the main component parts of social capital: social networks and the norms and values distributed among them. To develop measures for values like creativity, entrepreneurship and tolerance, and to find better measures for social networks, are the main challenges to future research.

Suggested Citation

  • Hans Westlund & Frane Adam, 2009. "Social Capital and Economic Performance: A Meta-analysis of 65 Studies," European Planning Studies, Taylor & Francis Journals, vol. 18(6), pages 893-919, November.
    • Handle: RePEc:taf:eurpls:v:18:y:2009:i:6:p:893-919
    DOI: 10.1080/09654311003701431
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    References listed on IDEAS

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    9. Roth, Felix, 2006. "Trust and Economic Growth: Conflicting Results between Cross-Sectional and Panel Analysis," Ratio Working Papers 102, The Ratio Institute, revised 15 Nov 2006.
    10. Mina Baliamoune-Lutz, 2005. "Institutions, Social Capital, and Economic Development in Africa: An Empirical Study," ICER Working Papers 18-2005, ICER - International Centre for Economic Research.
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    Cited by:

    1. Corbacho, Ana & Philipp, Julia & Ruiz-Vega, Mauricio, 2015. "Crime and Erosion of Trust: Evidence for Latin America," World Development, Elsevier, vol. 70(C), pages 400-415.
    2. Liang, Qiao & Huang, Zuhui & Lu, Haiyang & Wang, Xinxin, 2015. "Social Capital, Member Participation, and Cooperative Performance: Evidence from China’s Zhejiang," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(1), pages 1-30, February.
    3. Michael Fritsch & Michael Wyrwich, 2015. "The Persistence of Regional Entrepreneurship - Are all types of Self-Employment Equally Important?," Jena Economics Research Papers 2015-008, Friedrich-Schiller-University Jena.
    4. Wesley Mendes-da-Silva, 2011. "Small Worlds and Board Interlocking in Brazil: A Longitudinal Study of Corporate Networks, 1997-2007," Brazilian Review of Finance, Brazilian Society of Finance, vol. 9(4), pages 465-492.
    5. Neira, I. & Portela, M. & Vieira, E., 2010. "Social Capital and growth in European regions," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 10(2).
    6. Lin, Tao & Wang, Donggen, 2014. "Social networks and joint/solo activity–travel behavior," Transportation Research Part A: Policy and Practice, Elsevier, vol. 68(C), pages 18-31.
    7. Hans WESTLUND & Malin GAWELL, 2012. "Building Social Capital For Social Entrepreneurship," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 83(1), pages 101-116, March.
    8. Soogwan Doh & Connie McNeely, 2012. "A multi-dimensional perspective on social capital and economic development: an exploratory analysis," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 49(3), pages 821-843, December.
    9. Laurence Saglietto & Delphine David & Cécile Cézanne, 2013. "Étendue du capital social : une proposition de mesures opérationnelles," Revue d'économie industrielle, De Boeck Université, vol. 0(3), pages 177-204.
    10. Karlsson, Charlie & Rouchy, Philippe, 2015. "Regional Economic Development, Social Capital and Governance: A Comparative Institutional Analysis France - Sweden," Working Paper Series in Economics and Institutions of Innovation 406, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    11. Roman Martin, 2013. "Differentiated Knowledge Bases and the Nature of Innovation Networks," European Planning Studies, Taylor & Francis Journals, vol. 21(9), pages 1418-1436, September.
    12. Michael Fritsch & Michael Wyrwich, 2016. "Does persistence in start-up activity reflect persistence in social capital?," Chapters, in: Hans Westlund & Johan P. Larsson (ed.), Handbook of Social Capital and Regional Development, chapter 4, pages 82-107, Edward Elgar Publishing.
    13. Ahmad, Mahyudin & Hall, Stephen G., 2014. "Explaining social capital effects on growth and property rights via trust-alternative variables," MPRA Paper 58358, University Library of Munich, Germany.
    14. Bird, Miriam & Wennberg, Karl, 2014. "Regional influences on the prevalence of family versus non-family start-ups," Journal of Business Venturing, Elsevier, vol. 29(3), pages 421-436.
    15. Emilia Vázquez & Sofia Gomes & Elvira Vieira, 2011. "Entrepreneurship and Economic Growth in Spanish and Portuguese Regions," ERSA conference papers ersa10p1537, European Regional Science Association.
    16. Michael Fritsch & Michael Wyrwich, 2014. "The Effect of Regional Entrepreneurship Culture on Economic Development - Evidence for Germany," Papers in Evolutionary Economic Geography (PEEG) 1411, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Apr 2014.
    17. repec:hig:wpaper:63/soc/2015 is not listed on IDEAS
    18. Hall, Stephen G & Ahmad, Mahyudin, 2013. "Can Trust Explain Social Capital Effect on Property Rights and Growth?," MPRA Paper 48440, University Library of Munich, Germany.
    19. Hans Westlund & Johan P. Larsson & Amy Rader Olsson, 2014. "Start-ups and Local Entrepreneurial Social Capital in the Municipalities of Sweden," Regional Studies, Taylor & Francis Journals, vol. 48(6), pages 974-994, June.
    20. Yuheng LI & Hans WESTLUND, 2013. "Interpreting Overall Inequality In China: The Roles Of Physical Capital, Human Capital And Social Capital," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 145-150, December.

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