Social Capital and Economic Growth: A Comparative Study between Countries with High and Low Social Capital

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MAKIYAN SEYED NEZAMUDDIN; Karbalaei Fariba; BAHRAMI FERESHTEH

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Journal Paper

Paper Information

Journal: JOURNAL OF THE MARCO AND STRATEGIC POLICIES Year:2021 | Volume:9 | Issue:1 (33) Page(s): 184-209

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Title

Social Capital and Economic Growth: A Comparative Study between Countries with High and Low Social Capital

Author(s)

MAKIYAN SEYED NEZAMUDDIN | Karbalaei Fariba | BAHRAMI FERESHTEH | Issue Writer Certificate

Keywords

Economic growth;panel data modelQ2

social capitalQ2

Abstract

social capital has recently been noted as a main reason for economic development in every society. World Bank has termed social capital as ‘ the invisible wealth of a country’ , encapsulating all the institutions, relationships, and values which form social relationships. Analyzing the significant effect of social capital on economic development is fundamental in economic decisions. To this end, the current paper takes some variables of social capital, namely, good governance, corruption index, access to internet, and women’ s contribution in labor market to be compared among the countries with high social capital and those with low social capital from 1998 to 2014. The findings indicate that the countries with high social capital, indexes of good governance, access to internet, education registration rate, and women’ s contribution rate in the labor market have a direct significant effect on economic development; however, the corruption index has a negative effect in this regard. In countries with low social capital, the corruption index has a negative significant effect on economic development. Indexes of good governance and women’ s contribution rate are not significant for countries with low social capital. On the other hand, access to internet has a negative effect on economic development in countries with low social capital, while the effect of education registration has a significant positive effect.

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APA: Copy

MAKIYAN, SEYED NEZAMUDDIN, Karbalaei, Fariba, & BAHRAMI, FERESHTEH. (2021). Social Capital and Economic Growth: A Comparative Study between Countries with High and Low Social Capital. JOURNAL OF THE MARCO AND STRATEGIC POLICIES, 9(1 (33) ), 184-209. SID. https://sid.ir/paper/412854/en

Vancouver: Copy

MAKIYAN SEYED NEZAMUDDIN, Karbalaei Fariba, BAHRAMI FERESHTEH. Social Capital and Economic Growth: A Comparative Study between Countries with High and Low Social Capital. JOURNAL OF THE MARCO AND STRATEGIC POLICIES[Internet]. 2021;9(1 (33) ):184-209. Available from: https://sid.ir/paper/412854/en

IEEE: Copy

SEYED NEZAMUDDIN MAKIYAN, Fariba Karbalaei, and FERESHTEH BAHRAMI, “Social Capital and Economic Growth: A Comparative Study between Countries with High and Low Social Capital,” JOURNAL OF THE MARCO AND STRATEGIC POLICIES, vol. 9, no. 1 (33) , pp. 184–209, 2021, [Online]. Available: https://sid.ir/paper/412854/en

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