The estimated discount rate of parents is used to test a choice-based intergenerational model of the contribution of environment to the cognitive skills of a child of a given endowment. A lower parental discount rate is shown to imply higher cognitive skills of the young child. In the context of the model, estimates also imply that environmental conditions and human capital formation are not se...

In developing countries, the experiences of government-led development through heavy loans and grants from international donors have added to records of failure because of centralized system of plan formulation and its implementation through complex bureaucratic structure of government agencies. Realizing the inevitability of active participation of the local communities, the international dono...

Social capital is currently one of social structure‘s most prominent and debated manifestations. However, we have a limited understanding of how social ties as the basis of social capital form in the first place. From one perspective social capital is viewed as: ―investment in social relations with expected returns in the marketplace‖ (Lin 2001, p. 19). A second perspective on social capital fo...

divine religions have a significant impact on formation of social norms and strengthening of social capital through the promotion of the moral virtues. the purpose of this study is to demonstrate the impact of doctrines, rituals and ethical teachings of islam on muslims’ social capital in the 40 countries using the generalized trust index and the ordinary least squares method. research findings...

In this paper we will examine the role of embeddedness and social capital in the process of cohesive subgroup formation in strategic technology alliance networks. More in particular, we will investigate the social mechanisms that enable and enforce cohesive subgroup formation. We will argue that the enabling effects of social capital in the beginning of the group formation process can turn into...

Online communities are the gatherings of like-minded people, brought together in cyberspace by shared interests. The shared interest has hidden social capital aspects and can be of bridging or bonding type .Creating such communities is not a big challenge but sustaining member’s participation is. This study examines the formation and maintenance of social capital in social network sites. In add...

The gap between the world's rich and poor countries largely comes down to the financial and physical assets that create wealth. Developed economies possess more of this capital than developing ones, and what they have usually incorporates more advanced technologies. The implication is clear: A key aspect of economic advancement lies in poorer nations' capacity to acquire more capital and scale ...

Questions about capital formation and the implications of a potentially increasing scarcity of financial capital in the United States have recently emerged as important public issues, not just as a matter of long~range planning but as an object of concern in ~the medium run, too. There are reasons for expecting both the overall scarcity of investment capital and, perhaps more importantly, the r...