Human and Social Capital in Entrepreneurship in Developing Countries

Abstract

Entrepreneurship scholars have recently started to pay attention to the interplay of human and social capital (Anderson and Miller 2003; Bosma et al. 2004; Brüderl and Preisendörfer 1998; Davidson and Honig 2003; Mosey and Wright 2007; Renzulli et al. 2000). Human capital refers to the knowledge and skills that economic actors have acquired, which can be employed for productive purposes, thereby generating income. Social capital can be understood as the immaterial and material resources that accrue to a group or individual by virtue of having a durable network of relationships.