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Department of Economics, Aarhus School of Business, University of Aarhus Working Papers, Department of Economics, Aarhus School of Business, University of Aarhus

No 00-9:
Social Capital: A Standard Method of Measurement

Lene Hjøllund and Gert Tinggaard Svendsen ()

Abstract: The purpose of this paper is to suggest a standard method of measurement for social capital. Various

authors have investigated the influence of social capital on economic growth but still social capital has

not been measured in any satisfactory way. So far, each survey has used its own ad hoc methodology

due to the heterogeneity of the very definition of the concept of social capital. A consensus concerning

a standardized method of measurement, has not yet been reached. Based on the existing theoretical and

empirical approaches, we suggest the use of a questionnaire where the principal component analysis

should be applied as the most appropriate method of measurement.

Keywords: Social capital; Capitalism; Communism; Factor analysis; Principal component analysis; Questionnaire; (follow links to similar papers)

JEL-Codes: A12; C71; D23; D70; (follow links to similar papers)

27 pages, December 15, 2000

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