Many believe that social capital fosters the accumulation of human capital. Yet international university students arrive in their host country generally denuded of social capital and confronted by unfamiliar cultural and educational institutions. This study investigates how, and to what extent, international students renew their social networks, and whether such investments are positively associated with academic performance. We adopt a social capital framework and conduct a survey of international students at a typical Australian university in order to categorise and measure investments in social capital renewal, and test a multivariate model of academic performance that includes social capital variables, amongst others, as regressors. Our survey results reveal a high degree of variability in social capital investment across students and, amongst the more active, a tendency to build close networks in the main with students from their own country of origin. Our empirical results suggest that such investments are not associated with improved academic performance but are associated with increased well being. Yet international university students arrive in their host country generally denuded of social capital and confronted by unfamiliar cultural and educational institutions. This study investigates how, and to what extent, international students renew their social networks, and whether such investments are positively associated with academic performance. We adopt a social capital framework and conduct a survey of international students at a typical Australian university in order to categorise and measure investments in social capital renewal, and test a multivariate model of academic performance that includes social capital variables, amongst others, as regressors. Our survey results reveal a high degree of variability in social capital investment across students and, among the more active, a tendency to build close networks in the main with students from their own country of origin. Our empirical results suggest that such investments are not associated with improved academic performance but are associated with increased well being.
IntroductionAs the above quote makes clear, the importance of social relationships has long been recognised, at least by philosophers and social observers. In more recent times, economists and sociologists have also recognised the importance of social relationships, which is one dimension of what is more commonly referred to as social capital. Related dimensions include trust (both general and particular), volunteering, and organisational and club involvement. Whilst not unanimous, much research suggests that social capital is positively associated with economic growth, international trade, macroeconomic stability, political and civic involvement, crime prevention, health and happiness. Of particular interest to us are suggestions in the literature that social capital impacts positively and significantly on the academic achievement of secondary school students 1 .If social re...