IDEAS home Printed from https://ideas.repec.org/p/ags/aaea04/20224.html
   My bibliography  Save this paper

Determinants Of Individual Social Capital Investment

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/20224/files/sp04sh03.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.20224?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Charles M. Tiebout, 1956. "A Pure Theory of Local Expenditures," Journal of Political Economy, University of Chicago Press, vol. 64(5), pages 416-416.
    2. Murphy, James T., 2002. "Networks, Trust, and Innovation in Tanzania's Manufacturing Sector," World Development, Elsevier, vol. 30(4), pages 591-619, April.
    3. Marcel Fafchamps & Bart Minten, 2001. "Social Capital and Agricultural Trade," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(3), pages 680-685.
    4. repec:bla:jecsur:v:14:y:2000:i:5:p:629-53 is not listed on IDEAS
    5. Steven N. Durlauf, 2002. "On the Empirics of Social Capital," Economic Journal, Royal Economic Society, vol. 112(483), pages 459-479, November.
    6. Daniel V. Rainey & Kenneth L. Robinson & Ivye Allen & Ralph D. Christy, 2003. "Essential Forms of Capital for Sustainable Community Development," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(3), pages 708-715.
    7. Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75(4), pages 352-352.
    8. Charles F. Manski, 2000. "Economic Analysis of Social Interactions," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 115-136, Summer.
    9. Durlauf,S.N. & Fafchamps,M., 2003. "Empirical studies of social capital : a critical survey," Working papers 12, Wisconsin Madison - Social Systems.
    10. Edward L. Glaeser & David Laibson & Bruce Sacerdote, 2002. "An Economic Approach to Social Capital," Economic Journal, Royal Economic Society, vol. 112(483), pages 437-458, November.
    11. Martin Paldam, 2000. "Social Capital: One or Many? Definition and Measurement," Journal of Economic Surveys, Wiley Blackwell, vol. 14(5), pages 629-653, December.
    12. Narayan, Deepa & Pritchett, Lant, 1999. "Cents and Sociability: Household Income and Social Capital in Rural Tanzania," Economic Development and Cultural Change, University of Chicago Press, vol. 47(4), pages 871-897, July.
    13. Jonathan Isham, 2002. "The Effect of Social Capital on Fertiliser Adoption: Evidence from Rural Tanzania," Journal of African Economies, Centre for the Study of African Economies, vol. 11(1), pages 39-60, March.
    14. Emery N. Castle, 1998. "A Conceptual Framework for the Study of Rural Places," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(3), pages 621-631.
    15. Barkley, David L., 1998. "Communities Left Behind: Can Nonviable Places Become Smart?," The Review of Regional Studies, Southern Regional Science Association, vol. 28(2), pages 1-18, Fall.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shideler, David W. & Kraybill, David S., 2009. "Social capital: An analysis of factors influencing investment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(3), pages 443-455, June.
    2. Dufhues, Thomas & Buchenrieder, Gertrud & Fischer, Isabel, 2006. "Social capital and rural development: literature review and current state of the art [Sozialkapital und ländliche Entwicklung: Literaturüberblick und gegenwärtiger Stand der Forschung]," IAMO Discussion Papers 96, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    3. repec:zbw:iamodp:92017 is not listed on IDEAS
    4. Wilfred Nyangena, 2008. "Social determinants of soil and water conservation in rural Kenya," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 10(6), pages 745-767, December.
    5. Yamamura, Eiji, 2008. "The role of social capital in homogeneous society: Review of recent researches in Japan," MPRA Paper 11385, University Library of Munich, Germany.
    6. Hilber, Christian A.L., 2010. "New housing supply and the dilution of social capital," Journal of Urban Economics, Elsevier, vol. 67(3), pages 419-437, May.
    7. Sommarat Chantarat & Christopher Barrett, 2012. "Social network capital, economic mobility and poverty traps," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 10(3), pages 299-342, September.
    8. Uwe Dulleck & Dirk J. Bezemer & Paul Frijters, 2004. "Social Capital, Creative Destruction and Economic Growth," Vienna Economics Papers 0406, University of Vienna, Department of Economics.
    9. Marie Lebreton & Katia Melnik, 2009. "Voluntary Participation as a Determinant of Social Capital in France : Allowing for Parameter Heterogeneity," Working Papers halshs-00410530, HAL.
    10. repec:dgr:rugsom:05c09 is not listed on IDEAS
    11. Bezemer, Dirk & Dulleck, Uwe & Frijters, Paul, 2005. "Social Capital, Creative Destruction and Economic Development," Research Report 05C09, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    12. Christian Bjørnskov & Kim Sønderskov, 2013. "Is Social Capital a Good Concept?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 114(3), pages 1225-1242, December.
    13. Grootaert Grootaert & Deepa Narayan & Veronica Nyhan Jones & Michael Woolcock, 2004. "Measuring Social Capital : An Integrated Questionnaire," World Bank Publications - Books, The World Bank Group, number 15033.
    14. Nyangena, Wilfred & Sterner, Thomas, 2008. "Social Capital and Institutions in Rural Kenya: Is Machakos Unique?," EfD Discussion Paper 08-1, Environment for Development, University of Gothenburg.
    15. Kim, Byung-Yeon & Kang, Youngho, 2014. "Social capital and entrepreneurial activity: A pseudo-panel approach," Journal of Economic Behavior & Organization, Elsevier, vol. 97(C), pages 47-60.
    16. Sirven, Nicolas, 2006. "Endogenous social capital and self-rated health: Cross-sectional data from rural areas of Madagascar," Social Science & Medicine, Elsevier, vol. 63(6), pages 1489-1502, September.
    17. Van Ha, Nguyen & Kant, Shashi & Maclaren, Virginia, 2008. "Shadow prices of environmental outputs and production efficiency of household-level paper recycling units in Vietnam," Ecological Economics, Elsevier, vol. 65(1), pages 98-110, March.
    18. van Staveren, I.P., 2002. "Social capital :What is in it for feminist economics?," ISS Working Papers - General Series 19126, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    19. Eiji Yamamura, 2011. "Differences in the effect of social capital on health status between workers and non-workers," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 58(4), pages 385-400, December.
    20. Sabatini, Fabio, 2006. "The Empirics of Social Capital and Economic Development: A Critical Perspective," Knowledge, Technology, Human Capital Working Papers 12097, Fondazione Eni Enrico Mattei (FEEM).
    21. Guiso, Luigi & Zingales, Luigi & Sapienza, Paola, 2010. "Civic Capital as the Missing Link," CEPR Discussion Papers 7757, C.E.P.R. Discussion Papers.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea04:20224. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.