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Measuring Social Capital in East Asia and Other World Regions: Index of Social Capital for 72 Countries

Author

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  • Dan Lee
  • Kap-Young Jeong
  • Sean Chae

Abstract

Critics opine that social capital, despite its importance, provides little empirical insight because it is difficult to measure. This paper develops a broad measure of social capital, incorporating four major components: social trust, norms, social networks, and social structure. We constructed an index of social capital for 72 countries by extracting the principal components from 44 variables. Consistent with the social capital literature, the index of social capital is significantly associated with various social and economic indicators, such as income per capita, education, infant mortality, regulatory quality and even happiness. We compare the levels of social capital between East Asia and other world regions. The results suggest that although the level of social capital varies widely across countries, East Asia has markedly less social capital than Western Europe or North America.

Suggested Citation

  • Dan Lee & Kap-Young Jeong & Sean Chae, 2011. "Measuring Social Capital in East Asia and Other World Regions: Index of Social Capital for 72 Countries," Global Economic Review, Taylor & Francis Journals, vol. 40(4), pages 385-407, December.
    • Handle: RePEc:taf:glecrv:v:40:y:2011:i:4:p:385-407
    DOI: 10.1080/1226508X.2011.626149
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    Citations

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    Cited by:

    1. Yann Algan & Pierre Cahuc, 2010. "Inherited Trust and Growth," American Economic Review, American Economic Association, vol. 100(5), pages 2060-2092, December.
    2. Yuki Kudoh & Venkatachalam Anbumozhi, . "Selecting the Best Mix of Renewable and Conventional Energy Sources for Asian Communities," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 2014-rpr-26 edited by Yuki Kudoh & Venkatachalam Anbumozhi, January.
    3. repec:spo:wpmain:info:hdl:2441/432sbils8u9t7qa99cii5psht1 is not listed on IDEAS
    4. Zhang, Yanlong, 2015. "The contingent value of social resources: Entrepreneurs' use of debt-financing sources in Western China," Journal of Business Venturing, Elsevier, vol. 30(3), pages 390-406.
    5. Amjad Naveed & Ghulam Shabbir, 2022. "Effect of Formal and Informal Institutional Indicators on Innovation Activities: An Empirical Analysis for a Global Sample," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(2), pages 665-691, November.
    6. Yann Algan & Pierre Cahuc, 2010. "Inherited Trust and Growth," American Economic Review, American Economic Association, vol. 100(5), pages 2060-2092, December.
    7. Sven Horak & Markus Taube & Inju Yang & Katja Restel, 2019. "Two not of a kind: Social network theory and informal social networks in East Asia," Asia Pacific Journal of Management, Springer, vol. 36(2), pages 349-372, June.
    8. Ng, Adam & Ibrahim, Mansor H. & Mirakhor, Abbas, 2016. "Does trust contribute to stock market development?," Economic Modelling, Elsevier, vol. 52(PA), pages 239-250.
    9. Ibrahim D. Raheem & Kazeem B. Ajide & Xuan V. Vo, 2021. "The hype of social capital in the finance‐growth nexus," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 50(3), November.
    10. Ibrahim, Mansor H. & Law, Siong Hook, 2014. "Social capital and CO2 emission—output relations: A panel analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 29(C), pages 528-534.
    11. Zhang, Yanlong & Zhou, Xiaoyu & Lei, Wei, 2017. "Social Capital and Its Contingent Value in Poverty Reduction: Evidence from Western China," World Development, Elsevier, vol. 93(C), pages 350-361.
    12. repec:hal:spmain:info:hdl:2441/432sbils8u9t7qa99cii5psht1 is not listed on IDEAS
    13. Feixue Xiong & Shubin Zhu & Hui Xiao & Xiaolan Kang & Fangting Xie, 2021. "Does Social Capital Benefit the Improvement of Rural Households’ Sustainable Livelihood Ability? Based on the Survey Data of Jiangxi Province, China," Sustainability, MDPI, vol. 13(19), pages 1-17, October.
    14. Dill, Alexander & Gebhart, Nicolas, 2016. "Redundancy, Unilateralism and Bias beyond GDP – results of a Global Index Benchmark," MPRA Paper 74268, University Library of Munich, Germany, revised 04 Oct 2016.
    15. Wei Cui & Insook Cho, 2019. "Household’s Happiness and Financial Market Participation," Global Economic Review, Taylor & Francis Journals, vol. 48(4), pages 396-418, October.
    16. Cindy Yue Tian & Richard Huan Xu & Phoenix Kit-Han Mo & Dong Dong & Eliza Lai-Yi Wong, 2020. "Generic Health Literacy Measurements for Adults: A Scoping Review," IJERPH, MDPI, vol. 17(21), pages 1-18, October.
    17. Swapan K. Bhattacharya & Gouranga G. Das, 2014. "Can South–South Trade Agreements Reduce Development Deficits?," Journal of South Asian Development, , vol. 9(3), pages 253-285, December.
    18. Yun-Hsuan Wu & Kellee White & Nancy L Fleischer & Bo Cai & Shing-Chia Chen & Spencer Moore, 2018. "Network-based and cohesion-based social capital and variations in depressive symptoms among Taiwanese adults," International Journal of Social Psychiatry, , vol. 64(8), pages 726-736, December.
    19. Wenbin Wang & Yang Cao, 2022. "Network Diversity and Health Change among International Migrants in China: Evidence from Foreigners in Changchun," IJERPH, MDPI, vol. 19(23), pages 1-16, December.
    20. Lee, Weng Chang & Law, Siong Hook, 2016. "The Roles of Formal and Informal Institutions on Innovations Activity," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 50(2), pages 167-179.

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