Assessment of the role of social capital in stimulating economic development depending on the country's income level

• Autorzy: Majewska Maria , Nieżurawska Joanna , Duarte Nelson

Identyfikatory

DOI

10.29119/1641-3466.2024.193.3

• Języki publikacji: EN

Abstrakty

EN

Purpose: Assessing the impact of eleven components of social capital (SC) on economic development depending on the country's income level. Design/methodology/approach: The research covered 96 countries. They were divided in three groups composed of 32 economies, i.e., low-income, middle-income, and high-income countries. The impact of eleven elements of SC was examined in the period 2008-2020. The economic development measures were GDP pc and GNI pc. The research methods were the Spearman's rank correlation and cluster analysis. Findings: Social capital in high-income countries is a more important factor in increasing economic development compared to low-income and middle-income countries. In three income groups, the same four components of SC are statistically significant and positive: government effectiveness as defined by the World Bank, reliance on professional management, state of cluster development and willingness to delegate authority. These dimensions of social capital can be called strategic success factors on the road to prosperity. Research limitations/implications: The main limitations are the availability of data on larger groups of countries over a sufficient long time and obtainig free access to more detailed social capital indicators. In the future, the authors intend to focus on the links between various components of SC occurring at different stages of economic development. This knowledge should help to formulate more precise guidelines for planning policies of improving SC in private and public sectors. Social implications: The research results indicate that such dimension of SC as honesty, egalitarianism, equality of treatment, and democratic decision making should be adopted as patterns of behaviour in both private and public sectors and in cooperation between them. Without this, social development, which includes economic development, cannot be accelerated. This happens because it is reflected in improving the effectiveness of organisational arrangements applied at the national level and in companies. Originality/value: There is still a need for more comprehensive research on the impact of social capital on economic development. In response to this need, this study examined eleven components of SC. The hope is that this research approach will result in a more holistic view of how social capital can influence economic development.

Słowa kluczowe

EN

social capital; economic development; recommendation for public and private sectors

PL

kapitał społeczny; rozwój gospodarczy; rekomendacje dla sektora publicznego i prywatnego

• Wydawca: Wydawnictwo Politechniki Śląskiej
• Czasopismo: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
• Rocznik: 2024
• Tom: z. 193
• Strony: 35--62
• Opis fizyczny: Bibliogr. 44 poz.

Twórcy

autor

Majewska Maria

• Adam Mickiewicz University of Poznań, Faculty of Law and Administration

• https://orcid.org/0000-0002-4415-8403

autor

Nieżurawska Joanna

• University WSB Merito in Toruń, Faculty of Finance and Management

• https://orcid.org/0000-0001-6396-3363

autor

Duarte Nelson

• INESC TEC, ESTG, Instituto Politécnico do Porto, Portugal

• https://orcid.org/0000-0002-4156-7922

Bibliografia

• 1. Baker, L. (2019). Associations and correlations. Birmingham: Packt Publishing.
• 2. Bell, D. (1973). The coming of post-industrial society. New York: Basic Books.
• 3. Bell, D. (1976). The cultural contradictions of capitalism. New York: Basic Books.
• 4. Berg, L. (2022). The importance of consumer authorities for the production and maintenance of trust and social capital in consumer markets. Journal of Consumer Policy, Vol. 45, No. 3, pp. 537-559, doi: 10.1007/s10603-022-09523-6.
• 5. Bourdieu, P. (1986). The forms of capital. In: J.G. Richardson (Ed.), Handbook of theory and research for the sociology of education (pp. 241-258). New York: Greenwood Press.
• 6. Brian, S., Landau, S., Leese, M., Stahl, D. (2011). Cluster analysis. Hoboken: Wiley.
• 7. Cáceres-Carrasco, R., Santos, F.J., Guzmán, C. (2020). Social capital, personal values and economic development: effect on innovation. An international analysis. Innovation: The European Journal of Social Sciences, Vol 33, No. 1, pp. 70-95. doi: 10.1080/13511610.2019.1626701.
• 8. Cheng, M.Y., Mittelhammer, R. (2008). Globalization and economic development impact of social capital and institutional building. American Journal of Economics and Sociology, Vol. 67, No. 5, pp. 859-588.
• 9. Coleman, J.S. (1988). Social capital in the creation of human capital. American Journal of Sociology, No. 94, pp. 95-120.
• 10. Coleman, J.S. (1990). Foundation of social theory. Cambridge: Harvard University Press.
• 11. Doh, S. (2014). Social capital, economic development, and the quality of government: how interaction between social capital and economic development affects the quality of government. Public Administration, Vol. 92, No. 1, pp. 104-124, doi: 10.1111/padm.12041.
• 12. Doh, S., McNeely, C.L. (2012). A multi-dimensional perspective on social capital and economic development: an exploratory analysis. Annals of Regional Science, Vol. 49, No. 3, pp. 821-843, doi: 10.1007/s00168-011-0449-1.
• 13. Engbers, T.A., Rubin, B.M. (2018). Theory to practice: policy recommendations for fostering economic development through social capital. Public Administration Review, Vol. 78, No. 4, pp. 567-578, doi: 10.1111/puar.12925.
• 14. Estrin, S., Mickiewicz, T., Stephan, U. (2013). Entrepreneurship, social capital, and institutions: social and commercial entrepreneurship across nations. Entrepreneurship: Theory and Practice, Vol. 37, No. 3, pp. 479-504, doi: 10.1111/etap.12019.
• 15. Galaso, P. (2018). Network topologies as collective social capital in cities and regions: a critical review of empirical studies. European Planning Studies, Vol. 26, No. 3, pp. 571-90, doi: 10.1080/09654313.2017.1406898.
• 16. Golubović, N., Džunić, M., Marinković, S. (2014). A comparative analysis of social capital in the western balkan countries. Industrija, Vol. 42, No. 2, pp. 71-92, doi: 10.5937/industrija42-5375.
• 17. Gupta, S.C., Kapoor, V.K. (2000). Fundamentals of mathematical statistics. A modern approach. New Delhi: Sultan Chand & Sons.
• 18. Huidobro, J.O., Antonioni, A., Lipari, F., Tamarit, I. (2022). Social capital as a network measure provides new insights on economic growth. PLoS ONE, Vol. 17, No. 8, pp. 1-18, doi: 10.1371/journal.pone.0273066.
• 19. Hvižďáková, I., Urbančíková, N. (2014). The level of social capital, innovation and competitiveness in the countries of the European Union (EU). European Spatial Research and Policy, Vol. 21, No. 1, pp. 123-136, doi: https://doi.org/10.2478/esrp-2014-0009.
• 20. Jalles, J.T., Tavares, J. (2015). Trade, scale or social capital? Technological progress in poor and rich countries. Journal of International Trade and Economic Development, Vol. 24, No. 6, pp. 767-808, doi: 10.1080/09638199.2014.969757.
• 21. Jantoń-Drozdowska, E., Majewska, M. (2015). Social capital as a key driver of productivity growth of the economy: across-countries comparison. Equilibrium. Quarterly Journal of Economics and Economic Policy, Vol. 10, No. 4, pp. 61-83, doi: 10.12775/ EQUIL.2015.035.
• 22. Kabakçi Günay, E., Sülün, D. (2021). The evaluation of the impact of social capital on economic development within the framework of the Legatum Prosperity Index: the case of OECD countries. Electronic Journal of Social Sciences, Vol. 20, No. 80, pp. 1982-1996, doi: 10.17755/esosder.864792.
• 23. Kaldaru, H., Parts, E. (2005). The effect of macro-level social capital on sustainable economic development. Working Paper No. 42. Tartu: University of Tartu, Faculty of Economics and Business Administration.
• 24. Kuczewska, J., Tomaszewski T. (2022). Exploring potential drivers of innovation related activities in poland: evidence from polish business clusters. Equilibrium. Quarterly Journal of Economics and Economic Policy, Vol. 17, No. 3, pp. 775-801, doi: 10.24136/eq.2022.027.
• 25. Lee, W.Ch., Law, S.H. (2017). Roles of formal institutions and social capital in innovation activities: a cross country analysis. Global Economic Review, Vol. 46, No. 3, pp. 203-231, doi: 10.1080/1226508X.2017.1292859.
• 26. Leeves, G.D. (2014). Increasing returns to education and the impact on social capital. Education Economics, Vol. 22, No. 5, pp. 449-470, doi: 10.1080/09645292.2012.660133.
• 27. Legatum Institute (2023). The 2023 Legatum Prosperity IndexTM. A Tool for Transformation. London: The Legatum Institute Foundation.
• 28. Lis, A., Majewska, M., (2016). Technology transfer centers as an instrument for the development of technological capabilities. In: I. Simberova, F. Milichovsky, O. Zizlavsk (Eds.), Smart and Efficient Economy: Preparation for the Future Innovative Economy (pp. 564-572). Proceeding of Selected Papers of 21st ICEM: Brno University of Technology.
• 29. Loakimidis, M., Heijke, H. (2016). Income inequality and social capital, are they negatively related? European cross-country analyses 2006-2012. Journal of Developing Areas, Vol. 50, No. 1, pp. 215-235.
• 30. Madrysz, W. (2020). Community-based social economy - social capital and civic participation in social entrepreneurship and community development. Management Dynamics in the Knowledge Economy, Vol. 8, No. 1, pp. 81-93, doi: 10.2478/mdke-2020-0006.
• 31. Majewska, M. (2013). Corruption and social capital development. Public Governance, Vol. 3, No. 23, pp. 253-265, doi: 10.4467/20843968ZP.13.021.1421.
• 32. Nelson, R.R. (1998). The co-evolution of technology, industrial structure, and supporting institutions. In: G. Dosi, D.J. Teece, J. Chytry (Eds.), Technology, organization, and competitiveness. perspectives on industrial and corporate change (pp. 319-336). New York: Oxford University Press, doi: 10.1093/0198290969.003.0010.
• 33. Nelson, R.R., Romer, P.M. (1996). Science, economic growth, and public policy. Challenge, Vol. 39, No. 1, pp. 9-21, doi: 10.1080/05775132.1996.11471873.
• 34. Obert, P., Theocharis, J., Deth, J.W. (2019). Threats, chances and opportunities: social capital in Europe in times of social and economic hardship. Policy Studies, Vol. 40, No. 1, pp. 21-39, doi: 10.1080/01442872.2018.1533109.
• 35. Oh, Y.W., Lee, W., Bush, C.B. (2014). The role of dynamic social capital on economic development partnerships within and across communities. Economic Development Quarterly, Vol. 28, No. 3, pp. 230-243, doi: 10.1177/0891242414535247.
• 36. Peiró-Palomino, J.P. (2016). Social capital and economic growth in Europe: nonlinear trends and heterogeneous regional effects. Oxford Bulletin of Economics and Statistics, Vol. 78, No. 5, pp. 717-751, doi: 10.1111/obes.12131.
• 37. Porter, M.E. (1990). The competitive advantage of nations. New York: The Free Press.
• 38. Putnam, R.D. (1995). Bowling alone: America's declining social capital. Journal of Democracy, Vol. 6, No. 1, pp. 65-78.
• 39. Putnam, R.D., Leonardi, R., Nonetti, R.Y. (1993). Making democracy work. Civic traditions in modern Italy. Princeton: Princeton University Press.
• 40. Ray, C., Nyberg, A.J., Maltarich, M.A. (2023). Human capital resources emergence theory: the role of social capital. Academy of Management Review, Vol. 48, No. 2, pp. 313-335, doi: 10.5465/amr.2020.0186.
• 41. Romer, P.M. (1990). Endogenous technological change. Journal of Political Economic, Vol. 98, No. 5, pp. 71-102.
• 42. Romer, P.M. (1993). Implementing a national technology strategy with self-organizing industry investment boards. Brookings Papers on Economic Activity. Microeconomics, Vol. 24, No. 2, pp. 345-399.
• 43. Tekdemir, N., İyidoğan, P.V. (2021). An examination of the impact of social capital on growth in the axis of democratization. Journal of Turkish Court of Accounts, Vol. 32, No. 123, pp. 81-106, doi: 10.52836/sayistay.1068409.
• 44. The World Bank, Data, World Bank Country and Lending Groups. Retrieved from: https://datahelpdesk.worldbank.org/knowledgebase/articles/906519.