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Growth Strategy with social Capital and Physical Capital- Theory and Evidence: the Case of Vietnam

Cuong Le Van (), Anh Ngoc Nguyen () and Ngoc-Minh Nguyen ()
Additional contact information
Cuong Le Van: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, IPAG Business School, VCREME - Van Xuan Center of Research in Economics, Management and Environment
Anh Ngoc Nguyen: DEPOCEN - Development and Policies Research Center
Ngoc-Minh Nguyen: DEPOCEN - Development and Policies Research Center

Authors registered in the RePEc Author Service: Anh Quynh Nguyen and Anh Ngoc Nguyen ()

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Abstract: We study the impact of social capital in both simple theoretical and empirical model with the main assumption is the price of physical capital is a decreasing function of social capital. In our theoretical model, there exists a critical value such that firm will not invest in social capital if its saving is lower than the critical value and otherwise. Moreover, the output depends positively and non-linearly on the social capital. Our empirical model that captures the impact of physical capital, human capital, and social capital using the database from Survey of Small and Medium Scale Manufacturing Enterprises (SMEs) in Vietnam 2011, confirms the conclusions of the theoretical model.

Keywords: social capital; optimal growth; capital social; croissance optimale (search for similar items in EconPapers)
Date: 2014-02
New Economics Papers: this item is included in nep-cse, nep-sea, nep-soc and nep-tra
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01021376
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Citations: View citations in EconPapers (1)

Published in 2014

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Working Paper: Growth Strategy with social Capital and Physical Capital- Theory and Evidence: the Case of Vietnam (2014) Downloads
Working Paper: Growth Strategy with Social Capital and Physical Capital- Theory and Evidence: the Case of Vietnam (2014) Downloads
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