SOCIAL CAPITAL AND ECONOMIC GROWTH: CROSS SECTIONAL ANALYSES ON DIFFERENT INCOME GROUPS
Particularly after the period as the industrial revolution, it is not possible to explain the road hit by the countries only via the physical capital and social capital accumulation. In this new period, along with transformation towards being a new information society, together with the social capit...
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| Formato: | article |
| Lenguaje: | DE EN FR TR |
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Fırat University
2021
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| Acceso en línea: | https://doaj.org/article/2e0f1469ae0345d4a74f0384f55294e7 |
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| Sumario: | Particularly after the period as the industrial revolution, it is not possible to explain the road hit by the countries only via the physical capital and social capital accumulation. In this new period, along with transformation towards being a new information society, together with the social capital, the social capital itself should be involved in the economic analysis. Hence, the aim of this study is composed as the relationship between the social capital and economic growth. In the scope of this study, these 69 countries of which data is accessible for the years between 1995 and 2008 are analyzed with the Cross Sectional Analysis. Another aim which was determined via this study is questioning the effects of social capital upon the countries which are among the different income groups. For this purpose, 69 countries were categorized into four income groups according to the World Bank categorization criteria as upper, middle, middle-lower and lower classes, and also the analysis for each group was carried out respectively for each group. For the countries which belong to the upper class, there could not found any meaningful relation between their social capital and economic growth, yet in the analysis for the countries which belong to the middle class, there is a found a statistically meaningful positive relation. The analysis for the countries which belong to the lower income group could not be carried out because of the insufficient data. Because of this reason, by means of World Bank the countries which have middle level income was categorized into two categories as upper middle and lower middle classes, and the analysis for each group was done respectively. As a result of the analysis was carried out, in the countries which belong to the upper middle income level, there could not be found any statistically meaningful relationship between the social capital and economic growth, yet for the countries which belong the lower middle category in the analysis a positive relation was caught between the social capital and economic growth. The discussed relationship in the analysis was represented with the highest coefficient. In this case, it can be argued that owing to the decrease in income level the importance of social capital for economic growth can increase. The increase of the studies upon the determiners of economic growth increased the number of the explanatory variables, on the other hand decreased the trustworthiness of the models and used vari |
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