TY - JOUR
T1 - Social Capital and Market Imperfections
T2 - Accessing Formal Credit in Thailand
AU - Dufhues, Thomas
AU - Buchenrieder, Gertrud
AU - Munkung, Nuchanata
N1 - Funding Information:
Thomas Dufhues, Leibniz Institute of Agricultural Development in Central and Eastern Europe (IAMO), Halle an der Saale, Germany. Email: [email protected]. Gertrud Buchenrieder (corresponding author), Martin-Luther-University Halle-Wittenberg (associated scholar of IAMO), Theodor-Lieser-Straße 2, 06120 Halle an der Saale, Germany. Email: [email protected]. Nuchanata Munkung, Kasetsart University, Bangkok, Thailand. Email: [email protected] The authors are grateful to Daniel Müller and two anonymous referees of this journal for their very helpful comments on this paper. They would like to thank the German Science Foundation (DFG) and the Eiselen Foundation, Ulm (Germany), for their financial support. In addition, there field research benefited substantially from fruitful cooperation with the Uplands Program (SFB564) of the University of Hohenheim.
PY - 2013/3
Y1 - 2013/3
N2 - Social capital matters in the economy. This study shows how different forms of individual social capital affect access to formal credit in rural Thailand. Social capital is defined as interpersonal network (ties) resources. A data collection approach is used that originates in the field of sociology and is innovative in the context of development economics: the personal network survey. Four social capital variables are defined according to the tie strength and social distance between the respondent and his/her network members, resulting in four different social capital variables: (1) bonding (strong ties to persons of similar social standing); (2) bridging (weak ties to persons of similar social standing); (3) bondinglink (strong ties to persons of higher social standing); and (4) bridginglink (weak ties to persons of higher social standing). It has been found that bondinglink social capital reduces the chances of being credit access-constrained. Political patronage or nepotism as the driving force behind the result is ruled out. Nevertheless, some evidence for elite capture was found.
AB - Social capital matters in the economy. This study shows how different forms of individual social capital affect access to formal credit in rural Thailand. Social capital is defined as interpersonal network (ties) resources. A data collection approach is used that originates in the field of sociology and is innovative in the context of development economics: the personal network survey. Four social capital variables are defined according to the tie strength and social distance between the respondent and his/her network members, resulting in four different social capital variables: (1) bonding (strong ties to persons of similar social standing); (2) bridging (weak ties to persons of similar social standing); (3) bondinglink (strong ties to persons of higher social standing); and (4) bridginglink (weak ties to persons of higher social standing). It has been found that bondinglink social capital reduces the chances of being credit access-constrained. Political patronage or nepotism as the driving force behind the result is ruled out. Nevertheless, some evidence for elite capture was found.
UR - http://www.scopus.com/inward/record.url?scp=84875221351&partnerID=8YFLogxK
U2 - 10.1080/13600818.2012.753999
DO - 10.1080/13600818.2012.753999
M3 - Article
AN - SCOPUS:84875221351
SN - 1360-0818
VL - 41
SP - 54
EP - 75
JO - Oxford Development Studies
JF - Oxford Development Studies
IS - 1
ER -