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Determinants Of Individual Social Capital Investment

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  • Shideler, David W.

Abstract

It has been claimed that social capital has a significant effect on various socio-economic phenomena. Recent articles criticize the social capital literature for emphasizing the implications of social capital without understanding how social capital is formed. This paper presents a model of individual social capital investment that synthesizes ideas from several Economic disciplines so as to capture the important features of social capital: investment requires time to be allocated to social capital production, it is place-specific, the investment decision depends upon individual and social stocks, and its effects generate externalities. Comparative statics derived from the theoretical model will be estimated using data from a survey of homeowners in Franklin County, Ohio. The empirical results show that the predictions of the model reflect actual social capital investment behavior.

Suggested Citation

  • Shideler, David W., 2004. "Determinants Of Individual Social Capital Investment," 2004 Annual meeting, August 1-4, Denver, CO 20224, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:20224
    DOI: 10.22004/ag.econ.20224
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    References listed on IDEAS

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    Cited by:

    1. Cole R. Gustafson & William E. Nganje, 2006. "Value of Social Capital to Mid‐Sized Northern Plains Farms," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 54(3), pages 421-438, September.
    2. Gustafson, Cole R., 2004. "Value Of Social Capital To Mid-Sized Northern Plains Farms," Staff Papers 23677, North Dakota State University, Department of Agribusiness and Applied Economics.

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