Social Capital, Finance, and Consumption : Evidence from a Representative Sample of Chinese Households / Robert Cull
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: World Bank E-Library ArchivePublisher: Washington, D.C : The World Bank, 2016Description: 1 Online-Ressource (37 p)Additional physical formats: Erscheint auch als: Social Capital, Finance, and Consumption: Evidence from a Representative Sample of Chinese Households. Druck-Ausgabe Washington, D.C : The World Bank, 2016DOI: DOI: 10.1596/1813-9450-7873Online resources: Summary: Using a new, nationally representative sample of Chinese households, this paper studies how social capital affects access to credit and its implications for consumption levels. The paper focuses on two specific forms of social capital: private social networks and membership in the Communist Party. Although party affiliation is linked to higher consumption in rural areas, those benefits are direct and thus do not work through credit markets. The main finding is a strong link between private social networks, use of informal credit, and household consumption. Instrumental variable regressions indicate that the link is causal. However, the study finds no evidence that social capital has facilitated formal credit market development in China, as it has in countries with higher levels of private sector developmentPPN: PPN: 1724861557Package identifier: Produktsigel: ZDB-1-WBANo physical items for this record