Social Capital and Rural Development in the Knowledge Society
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Social Capital and Rural Development in the Knowledge Society

Edited by Hans Westlund and Kiyoshi Kobayashi

Social capital is often considered a key factor for local development. This book analyzes the role of social capital for rural areas’ survival and development in the current age of metropolitan growth – an era in which urban is the norm and where rural areas must adapt to this new situation and build innovative urban-rural relations.
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Chapter 5: Does social capital contribute to regional economic growth? Swedish experiences

Kent Eliasson, Hans Westlund and Stefan Fölster


Since the 1980s a number of important theoretical advances have occurred in economics and the social sciences. This chapter takes the two perhaps most important of them – the endogenous growth theory and the theory of social capital – as its starting point. Both theories have induced a tremendous amount of literature but there are hardly any examples of attempts to integrate them, either theoretically or empirically.

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