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 ()
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Anh-Ngoc Nguyen: Development and Policies Research Center (DEPOCEN) - Vietnam
Authors registered in the RePEc Author Service: Anh Quynh Nguyen and Anh Ngoc Nguyen ()

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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 (search for similar items in EconPapers)
JEL-codes: E2 O00 Z1 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2014-02
New Economics Papers: this item is included in nep-cse, nep-fdg, nep-sea, nep-soc and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

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ftp://mse.univ-paris1.fr/pub/mse/CES2014/14045.pdf (application/pdf)

Related works:
Working Paper: Growth Strategy with social Capital and Physical Capital- Theory and Evidence: the Case of Vietnam (2014)
Working Paper: Growth Strategy with social Capital and Physical Capital- Theory and Evidence: the Case of Vietnam (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:14045

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