Social Capital and Household Economic Welfare: Do Entrepreneurship, Financial and Digital Literacy Matter?

Putra Hilmi Prayitno, Sheerad Sahid () and Muhammad Hussin
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Putra Hilmi Prayitno: Faculty of Education, Universiti Kebangsaan Malaysia, Bangi 43600, Malaysia
Sheerad Sahid: Faculty of Education, Universiti Kebangsaan Malaysia, Bangi 43600, Malaysia
Muhammad Hussin: Faculty of Education, Universiti Kebangsaan Malaysia, Bangi 43600, Malaysia

Sustainability, 2022, vol. 14, issue 24, 1-16

Abstract: Alleviating household economic fragility and poverty is a global challenge in achieving a nation’s well-being. This study aims to examine the impact of social capital and Indonesian household economic welfare, as well as understand the mediating role of entrepreneurial, digital, and financial literacy. To address this objective, a structural equation modeling partial least square was adopted to acquire comprehend findings. The survey data were gathered from households in East Java of Indonesia using a simple random sampling approach. The findings from this study highlight that social capital significantly influences several literacies of households in Indonesia, including digital literacy, financial literacy, and entrepreneurial literacy. However, this study failed to confirm the nexus between social capital and household economic welfare. In addition, financial literacy, digital literacy, and entrepreneurial literacy all play an important role in mediating the connection between social capital and the economic welfare of households.

Keywords: household economic welfare; entrepreneurial literacy; financial literacy; social capital; digital literacy (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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