This study will utilize the New Institutional Economics (NIE) framework which takes into account the role of institutions in the face of market failure. The theory of Social capital falls 18 within the NIE framework since it involves the use of institutions (defined as a set of rules of the game, formulated to govern relationships between individuals or groups of people involved in transactional activities) to guide groups or individuals with common objective to achieve a common goal (North, 1990).paraphrase