The Importance of the Social Capital with Regard to Economic Development: An Evaluation on the Developed and the Developing Countries

Burak Sertkaya () and Günay Özcan
Additional contact information
Burak Sertkaya: Gazi University
Günay Özcan: Necmettin Erbakan University

Bulletin of Economic Theory and Analysis, 2017, vol. 2, issue 1, 63-78

Abstract: Apparently, solely addressing to the accumulation of physical capital to explain the economic situation in the countries is not considered as sufficent nowadays. The countries focus on other variables besides the physical capital to explain development levels. In this regard, the social capital has taken place in the economics literature as a new type of capital. The many researchers also acknowledge the effects of the social capital on the wealth of nations and their role regarding the economic development of these countries. There are two main purposes of this study. The first one is to explain the concept of social capital. The second one is to examine the impact of social capital on economic growth and development in terms of the developed and the developing countries. Within the scope of the study, countries with strong social capital have been observed to be more developed. It is emphasized, however, that the emerging countries should pay attantion to the social capital to achieve economic growth and development.

Keywords: Social Capital; Economic Development; Economic Growth (search for similar items in EconPapers)
JEL-codes: J24 O10 O40 O57 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dergipark.gov.tr/beta/issue/28354/267188 Full text (application/pdf)
betajournals@gmail.com

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:betajl:0008

Access Statistics for this article

Bulletin of Economic Theory and Analysis is currently edited by Erginbay Ugurlu

More articles in Bulletin of Economic Theory and Analysis from BETA Journals
Bibliographic data for series maintained by Erginbay Ugurlu ().