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Title: Mind the gap! Social capital, East and West
Authors: Fidrmuc, J
Gërxhani, K
Keywords: Social capital;Institutions;Capitalism;Transition
Issue Date: 2008
Publisher: Elsevier
Citation: Journal of Comparative Economics, 36(2), 264 - 286, 2008
Abstract: Social capital in Central and Eastern Europe lags behind that in Western European countries. We analyze the determinants of individual stock of social capital – measured by civic participation and access to social networks – and find that this gap persists when we account for individual characteristics and endowments of respondents. However, the gap disappears completely after we include aggregate measures of economic development and quality of institutions. Informal institutions such as the prevalence of corruption in post-communist countries appear particularly important. With the enlargement of the European Union, the gap in social capital should gradually disappear as the new member states catch up (economically and institutionally) with the old ones.
Description: © 2008 Association for Comparative Economic Studies. Published by Elsevier Inc. This is the post-print version of the final paper published in Journal of Comparative Economics. The published article is available from the link below. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication.
ISSN: 0147-5967
Appears in Collections:Economics and Finance
Dept of Economics and Finance Research Papers

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