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Developing Social Capital

In: Challenges in Economic and Financial Policy Formulation

Author

Listed:
  • Hossein Askari
  • Zamir Iqbal
  • Abbas Mirakhor

Abstract

The concept of social capital is multidisciplinary and is not easily defined or understood. The concept has been used to explain phenomena from the growth tragedy in Africa associated with high ethnic fragmentation (Easterly and Levine, 1997) and group-based programs for environmental improvements including microfinance (Pretty and Ward, 2001) to the role of trust in underdevelopment (Banfield, 1958; Guiso, Sapienza, and Zingales, 2004) and the limited stock market participation puzzle (Guiso, Sapienza, and Zingales, 2008).

Suggested Citation

  • Hossein Askari & Zamir Iqbal & Abbas Mirakhor, 2014. "Developing Social Capital," Palgrave Studies in Islamic Banking, Finance and Economics, in: Challenges in Economic and Financial Policy Formulation, chapter 0, pages 135-156, Palgrave Macmillan.
    • Handle: RePEc:pal:psibcp:978-1-137-38199-6_8
    DOI: 10.1057/9781137381996_8
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