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董志强、张永璟:Accumulated social capital, institutional quality, and

2016-08-25 14:27:00 |来源:经济行为科学重点实验室 |点击: |收藏本文
Authors
Zhiqiang Dong, Yongjing Zhang
Publication date
2016
Journal
Economic Systems
Volume
40
Issue
2
Pages
206-219
Publisher
Elsevier
Description
This paper provides evidence from China that historically accumulated social capital affects the current economic performance by improving contemporary institutional quality. Using historical data, we employ the Elites Studying Abroad rates of the years 1847–1949 for each Chinese province as a proxy for accumulated social capital. Our empirical investigation shows that historically accumulated social capital strongly and significantly affects the current economic performance because it can improve current social capital and institutional quality. This argument is strongly robust across multiple controls such as geography information, climates, natural resources, historical economic conditions, and economic policies.


标签:社会资本

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