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Local social capital and entrepreneurship
2003 (English)In: Small Business Economics, ISSN 0921-898X, E-ISSN 1573-0913, Vol. 21, no 2, 77-113 p.Article, review/survey (Refereed) Published
Abstract [en]

We aim to contribute to the analysis of the role that spacebound social capital plays in local/regional entrepreneurship. We compare social capital with other forms of capital. The conclusion is that in the main, social capital can be analyzed in the same way as other capital but it has some important special attributes. With these attributes as starting point we sketch an outline model of how the spatially-defined producer surplus and consumer surplus form a place surplus, and of the role played by social capital in the creation of the producer surplus. A rereading of Schumpeter shows that he was aware of several aspects of what we denominate entrepreneurship-inhibiting and facilitating aspects of social capital. Finally, we discuss some formal economic modeling approaches to the theoretical relationship between social capital and entrepreneurship.

Place, publisher, year, edition, pages
2003. Vol. 21, no 2, 77-113 p.
Keyword [en]
liquidity constraints, automotive industry, economic-action, networks, risk, embeddedness, determinants, unemployment, choice, firms
URN: urn:nbn:se:kth:diva-22711ISI: 000184507300002OAI: diva2:341409
QC 20100525Available from: 2010-08-10 Created: 2010-08-10Bibliographically approved

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Westlund, Hans
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