Social Capital and Economic Performance in the American States

@article{citeulike:418446, abstract = { Objective. This study tests the claim that areas with higher levels of social capital have superior economic performance. Method. The 14-measure index of social capital created by Robert Putnam is reconstructed for an extended time period and integrated into cross-sectional regression models including physical capital, human capital, and other factors relevant to state economic performance. Results. The analysis shows that social capital has no discernable influence on aggregate measures of output and employment. However, it does have a positive and significant impact on measures of economic equality and employment stability. Conclusions. This study does not support the claim that social capital is a general prerequisite for prosperity, but it does suggest that it may serve to reinforce a particular mode of communitarian economic development.}, author = {Casey, Terrence and Christ, Kevin }, citeulike-article-id = {418446}, doi = {http://dx.doi.org/10.1111/j.0038-4941.2005.00358.x}, issn = {0038-4941}, journal = {Social Science Quarterly}, keywords = {competitiveness, economic\_growth, regional-development, social\_capital}, month = {December}, number = {4}, pages = {826--845}, posted-at = {2005-12-01 15:02:09}, priority = {4}, title = {Social Capital and Economic Performance in the American States}, url = {http://dx.doi.org/10.1111/j.0038-4941.2005.00358.x}, volume = {86}, year = {2005} }

TY - JOUR ID - citeulike:418446 L3 - citeulike-article-id:418446 TI - Social Capital and Economic Performance in the American States JF - Social Science Quarterly VL - 86 IS - 4 SP - 826 EP - 845 SN - 0038-4941 N2 - Objective. This study tests the claim that areas with higher levels of social capital have superior economic performance. Method. The 14-measure index of social capital created by Robert Putnam is reconstructed for an extended time period and integrated into cross-sectional regression models including physical capital, human capital, and other factors relevant to state economic performance. Results. The analysis shows that social capital has no discernable influence on aggregate measures of output and employment. However, it does have a positive and significant impact on measures of economic equality and employment stability. Conclusions. This study does not support the claim that social capital is a general prerequisite for prosperity, but it does suggest that it may serve to reinforce a particular mode of communitarian economic development. KW - competitiveness KW - economic_growth KW - regional-development KW - social_capital AU - Casey, Terrence AU - Christ, Kevin PY - 2005/12// UR - http://dx.doi.org/10.1111/j.0038-4941.2005.00358.x ER -