Table of Contents

Social Capital and Economic Development

Social Capital and Economic Development

Well-being in Developing Countries

Edited by Jonathan Isham, Thomas Kelly and Sunder Ramaswamy

The chapters in this volume explore the challenges and opportunities raised by this concept for researchers, practitioners and teachers. Social Capital and Economic Development is based upon a consistent, policy-based vision of how social capital affects well-being in developing countries.

Chapter 5: Social Capital, Education and Credit Markets: Empirical Evidence from Burkina Faso

Christiaan Grootaert, Gi-Taik Oh and Anand Swamy

Subjects: development studies, development economics, economics and finance, development economics, environmental economics, environment, environmental economics

Extract

Christiaan Grootaert, Gi-Taik Oh and Anand Swamy This chapter tests empirically the central idea that, given available resources, technology and formal institutional structures, economic outcomes can vary depending on the nature of social norms and relationships. For example, consider a set of communities in a typical developing country. All else being equal, communities with inactive parent–teacher associations might be expected to have schools of little value. Likewise, communities with lenders and borrowers that trust each other might be expected to have credit markets that function more smoothly. This chapter examines the role of social capital in affecting well-being through these two specific channels: the performance of educational institutions and the functioning of credit markets. Using data collected from households in Burkina Faso, this study uses indicators of membership in associations and characteristics of communities to assess the impact of social capital on school attendance and distress sales. The main findings are that (a) community participation in parent–teacher associations is associated with substantially higher rates of school attendance, and (b) the incidence of consumption crises, as indicated by distress sales, is substantially lower in villages in which community lending institutions are active. The chapter is organized as follows: The next section describes the survey on which this chapter is based. The third section focuses on education and the fourth on consumption crises. The final section concludes with summary observations. ANALYSING AND MEASURING SOCIAL CAPITAL AT THE HOUSEHOLD LEVEL: HOW CAN THE OVERALL IMPACTS OF SOCIAL CAPITAL ON WELL-BEING BE...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information