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Social Capability and Economic Growth
Abstract
The conventional wisdom is that postwar economic growth has been unpredictable. In the 1960s few observers accurately forecast which countries would grow quickly. In this paper we show that indexes of social development constructed in the early 1960s have considerable predictive power. These results indicate the importance of “social capability” for economic growth. We emphasize that social arrangements matter for reasons beyond those discussed in recent work on trust and social capital. However, we are also able to show that one of the indexes may be a useful proxy for social capital in developing countries.
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Cites
Economic Reform and the Process of Global Integration
Sachs, J. D., Warner, A., Aslund, A., & Fischer, S. (1995) · Brookings Papers on Economic Activity · doi:10.2307/2534573 · Cited by 4,950
I Just Ran Four Million Regressions
Sala-i-Martin, X. (1997) · doi:10.3386/w6252 · Cited by 960
Cited by
Does Social Capital Have an Economic Payoff? A Cross-Country Investigation
Knack, S., & Keefer, P. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355300555475 · Cited by 7,484
Social Capital: Implications for Development Theory, Research, and Policy
Woolcock, M., & Narayan, D. (2000) · The World Bank Research Observer · doi:10.1093/wbro/15.2.225 · Cited by 4,339
Institutions for high-quality growth: What they are and how to acquire them
Rodrik, D. (2000) · Studies in Comparative International Development · doi:10.1007/bf02699764 · Cited by 1,020
Regions, Globalization, Development
Scott, A., & Storper, M. (2003) · Regional Studies · doi:10.1080/0034340032000108697a · Cited by 963
The Effect of Financial Development on Convergence: Theory and Evidence*
Aghion, P., Howitt, P., & Mayer-Foulkes, D. (2005) · Quarterly Journal of Economics · doi:10.1162/qjec.2005.120.1.173 · Cited by 962
Metadata
- Authors
- Temple, J., & Johnson, P. A.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 1998-08-01
- Volume
- 113
- Issue
- 3
- Pages
- 965-990
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W2132622358
- Cited by
- 609
- References
- 2
- FWCI
- 45.73
- Type
- journal article
- Language
- en
- Open access
- closed
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- Temple, J., & Johnson, P. A. (1998). Social Capability and Economic Growth. The Quarterly Journal of Economics. https://doi.org/10.1162/003355398555711
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
