Bridging and Bonding Social Capital: Which Type is Good for Economic Growth?
By Sjoerd Beugelsdijk, Sjak A. Smulders. The Cultural Diversity of European Unity, 2003
151 citations recorded by the source corpus.
In this paper we develop a model of growth and social capital, and test it using data from the European Value Survey (EVS). Following Putnam’s distinction between bonding and bridging social capital, we model social capital as participation in two types of social networks: first, closed networks of family and friends, and, second, open networks that bridge different communities. Agents have a preference for social interaction, which they trade off against material well-being. Participation in both social networks is time-consuming and comes at the cost of participation in the formal economic sphere and working time. Through this channel, higher levels of social capital may crowd out economic growth. In addition, participation in intercommunity networks reduces incentives for rent seeking and cheating. Through this channel, higher level of bridging social capital may enhance economic growth. Testing the model, we find that regional differences in materialistic attitudes and the value attached to family life significantly reduce the participation in open networks and that this in turn reduces regional output growth in Europe.
Subfields: Safety Research, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/181920ff8215903b312f911a687065e04770d53c
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Citations in the corpus
- The Economic Returns of Immigrants’ Bonding and Bridging Social Capital: The Case of the Netherlands 1 (2010, background): “Often it is argued that returns depend on the different forms of social capital that people possess (Portes, 2000; Putnam, 2000; Beugelsdijk and Smulders, 2003).”
- Understanding the role of social capital in adoption decisions: An application to irrigation technology (2017, unknown): “It has been described as a valuable asset (Bolino et al., 2002), often created as a by-product of social activities (Putnam, 1993; Beugelsdijk and Smulders, 2003).”
- The social capital of European welfare states: the crowding out hypothesis revisited (2005, unknown): “Other studies have found a negative relationship between economic development and a large importance attached to family ties (see e.g. Beugelsdijk and Smulders, 2003). b Model including country and personal characteristics c Model including country characteristics only.”