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Social capital and Economic growth

Aguilera, Juan Carlos LU (2016) NEKN01 20152
Department of Economics
Abstract
The conversation about whether social capital has an implication on the growth of a country, has received increasing attention by economists in recent years. Research is now diverging from the belief that growth can only be explained by the traditional outputs such as capital, labor and natural resources. This paper analyzes the relationship between social capital, economic performance and the development of a country. Analysis is performed using a panel data model from 11 countries in South and North America from the time period 1994 to 2014. The econometric model in this paper uses panel data due to the more efficient estimators yield compare to cross-sectional or times series data. A positive relationship was found on the impact of... (More)
The conversation about whether social capital has an implication on the growth of a country, has received increasing attention by economists in recent years. Research is now diverging from the belief that growth can only be explained by the traditional outputs such as capital, labor and natural resources. This paper analyzes the relationship between social capital, economic performance and the development of a country. Analysis is performed using a panel data model from 11 countries in South and North America from the time period 1994 to 2014. The econometric model in this paper uses panel data due to the more efficient estimators yield compare to cross-sectional or times series data. A positive relationship was found on the impact of social capital explaining the economic growth of the countries analyzed which is in line with previous empirical studies. The most robust results were found by using the FGLS model. The findings, suggest that the impact that social capital has on economic growth should not be overlook by policy makers since it can help increase the development of a country. (Less)
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author
Aguilera, Juan Carlos LU
supervisor
organization
course
NEKN01 20152
year
type
H1 - Master's Degree (One Year)
subject
keywords
Social Capital – North America and South America- Economic Growth- -panel data
language
English
id
8618986
date added to LUP
2016-02-11 14:38:18
date last changed
2016-02-11 14:38:18
@misc{8618986,
  abstract     = {The conversation about whether social capital has an implication on the growth of a country, has received increasing attention by economists in recent years. Research is now diverging from the belief that growth can only be explained by the traditional outputs such as capital, labor and natural resources. This paper analyzes the relationship between social capital, economic performance and the development of a country. Analysis is performed using a panel data model from 11 countries in South and North America from the time period 1994 to 2014. The econometric model in this paper uses panel data due to the more efficient estimators yield compare to cross-sectional or times series data. A positive relationship was found on the impact of social capital explaining the economic growth of the countries analyzed which is in line with previous empirical studies. The most robust results were found by using the FGLS model. The findings, suggest that the impact that social capital has on economic growth should not be overlook by policy makers since it can help increase the development of a country.},
  author       = {Aguilera, Juan Carlos},
  keyword      = {Social Capital – North America and South America- Economic Growth- -panel data},
  language     = {eng},
  note         = {Student Paper},
  title        = {Social capital and Economic growth},
  year         = {2016},
}