The Puzzle of Social Capital A Critical Review
Quibria, M.G. | May 2003
Abstract
This paper provides a critical review of the burgeoning literature on
social capital, highlighting a number of serious conceptual and empirical
problems associated with this literature. First, the concept of social capital
remains largely elusive, with many different ideas attached to it. This
elusiveness has serious ramifications for empirical and policy analysis. Second,
while the concept of social capital is used to highlight the positive, productive
aspects of sociability, it fails in important ways to qualify as a form of capital.
Third, there are both theoretical and empirical presumptions to suggest that
social capital can to lead to undesirable socioeconomic outcomes. Finally,
a large body of empirical work on social capital remains mired in measurement
and estimation problems.
Citation
Quibria, M.G.. 2003. The Puzzle of Social Capital A Critical Review. © Asian Development Bank. http://hdl.handle.net/11540/1527.ISSN
1655-5236
Keywords
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Social condition
Economic dependence
Economic assistance
International monetary relations
International monetary relations
International trade
National accounting
Market
Exchange
Comparative economics
Index number
Monetary policy
Value analysis
Adjustment cost
Transaction cost
Conditionality
International relations
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Citable URI
http://hdl.handle.net/11540/1527Metadata
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