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Evolution of Social Capital and Economic Performance in New England Harvest Cooperatives

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  • Daniel S. Holland
  • Patricia Pinto da Silva
  • Andrew W. Kitts

Abstract

In 2010 a new management system based on harvest cooperatives called "sectors" was implemented in the US Northeast Multispecies Groundfish Fishery. We hypothesize that success of individual sectors might depend on their social capital. Sector members were surveyed prior to the implementation of the policy to develop baseline measures of social capital for each sector and again after the sectors had been operating for three years. We construct indices of bonding, bridging and linking social capital, information sharing, and trust and explore how these indicators of social capital have changed since the implementation of the sector program. We also evaluate the relationship between these social capital indicators and various measures of economic performance of sectors. The result suggests that the relationship between social capital and economic performance has strengthened over time. Profitability is associated with broader community and fishery-wide connections as well as bonding social capital within sectors.

Suggested Citation

  • Daniel S. Holland & Patricia Pinto da Silva & Andrew W. Kitts, 2015. "Evolution of Social Capital and Economic Performance in New England Harvest Cooperatives," Marine Resource Economics, University of Chicago Press, vol. 30(4), pages 371-392.
    • Handle: RePEc:ucp:mresec:doi:10.1086/682153
    DOI: 10.1086/682153
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    1. Kranton, Rachel E, 1996. "Reciprocal Exchange: A Self-Sustaining System," American Economic Review, American Economic Association, vol. 86(4), pages 830-851, September.
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    Cited by:

    1. Yamazaki, Satoshi & Resosudarmo, Budy P. & Girsang, Wardis & Hoshino, Eriko, 2018. "Productivity, Social Capital and Perceived Environmental Threats in Small-Island Fisheries: Insights from Indonesia," Ecological Economics, Elsevier, vol. 152(C), pages 62-75.
    2. Lee, Min-Yang & Benjamin, Sharon & Carr-Harris, Andrew & Hart, Deborah & Speir, Cameron, 2019. "Resource Abundance, Fisheries Management, and Fishing Ports: The U.S. Atlantic Sea Scallop Fishery," Agricultural and Resource Economics Review, Cambridge University Press, vol. 48(1), pages 71-99, April.
    3. Wakamatsu, Mihoko & Anderson, Christopher M., 2018. "The Endogenous Evolution of Common Property Management Systems," Ecological Economics, Elsevier, vol. 154(C), pages 211-217.

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