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Social Capital and Total Factor Productivity: Evidence from Chinese Provinces
KTH, School of Architecture and the Built Environment (ABE), Urban Planning and Environment, Urban and Regional Studies.
2017 (English)In: China & World Economy, ISSN 1671-2234, E-ISSN 1749-124X, Vol. 25, no 4, p. 22-43Article in journal (Refereed) Published
Abstract [en]

The impact of social capital on economic development has been broadly studied by scholars. However, research in the Chinese context is relatively rare. Drawing upon data from the China General Social Survey, our results suggest that the enhancing effect of social capital on total factor productivity is very limited in the case of China. The network dimension of social capital is significant only in pooled OLS estimations, and trust as well as the participation dimension of social capital exert no impact across all estimations. Our interpretation is that this is partly due to the fact that trust, values and norms formed in civil society are inherently difficult to transmit to the market sector. Besides, the impact of social capital on economic performance is undermined when physical capital plays a significant role in production. We therefore propose that the effect of social capital on economic performance is contingent on localized social and economic conditions.

Place, publisher, year, edition, pages
Wiley-Blackwell, 2017. Vol. 25, no 4, p. 22-43
Keywords [en]
economic performance, social capital, total factor productivity
National Category
Economic Geography
Identifiers
URN: urn:nbn:se:kth:diva-212947DOI: 10.1111/cwe.12204ISI: 000407046800002Scopus ID: 2-s2.0-85024380217OAI: oai:DiVA.org:kth-212947DiVA, id: diva2:1136017
Note

QC 20170825

Available from: 2017-08-25 Created: 2017-08-25 Last updated: 2017-08-25Bibliographically approved

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  • apa
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