scholarly journals Social capital as a key driver of productivity growth of the economy: across-countries comparison

Equilibrium ◽  
2015 ◽  
Vol 10 (4) ◽  
pp. 61 ◽  
Author(s):  
Elżbieta Jantoń-Drozdowska ◽  
Maria Majewska
Keyword(s):  
Social Capital ◽  
Economic Development ◽  
Productivity Growth ◽  
Labour Force ◽  
Value Added ◽  
Development Theory ◽  
Ethical Behaviour ◽  
Competitive Advantages ◽  
Productivity Potential ◽  
Economic Development Theory

The aim of this work was to show the possible impact of social capital on productivity of the economy. That impact can be measured by such indicators of productivity of the economy as used in our study: the GDP, the total value added of the economy (TVE), and the GNI per total labour force. Thus, this paper was organized as follows: its first part presents the relationship between the development of social capital and productivity growth of the country in the light of the economic development theory. In this context, it is pointed out that the significance of social capital as a component of the productivity potential of a given country increases when such country moves to the next stages of economic development. Therefore, social capital becomes a very important driver of the upgrading of national incomes in those countries, in which competitive advantages are based primarily on intellectual capital assets. The another part of the paper describes the methodology and the results of a research conducted on a group of 100 countries in the years 2012-2013 with an aim to illustrate the link between social capital and productivity of the economy as a whole referred to, or indicated, in the first part of the study. The results of the research allowed us to formulate a conclusion that without an appropriate ethical behaviour, not only in business, the productivity growth is hampered because it translates into a lower level of trust and unwillingness to cooperate. In other words, as, among others, W. Bartoszewski stressed, "it is worth to be decent".

Institutions and development: the primacy of microanalysis

2011 ◽  
Vol 7 (4) ◽  
pp. 549-553 ◽  
Author(s):  
MWANGI S. KIMENYI
Keyword(s):  
Economic Development ◽  
Empirical Analysis ◽  
Institutional Arrangements ◽  
Development Theory ◽  
Policy Relevance ◽  
Microeconomic Analysis ◽  
Methodological Problems ◽  
Cross Country ◽  
Economic Development Theory ◽  
The Empirical Analysis

Abstract:In recent years, there have been major advances in the empirical analysis of the link between institutions and development. However, a number of methodological problems – both theoretical and empirical – remain unresolved and have been well articulated by Ha-Joon Chang in his article ‘Institutions and Economic Development: Theory, Policy and History’. These problems raise valid concerns about the policy relevance of the evidence arising from the studies. A more reliable approach to study the link between institutions and development and overcome the inherent problems of cross-country empirical analysis is to direct focus to microeconomic analysis of institutions. Such an approach avoids ideologically driven normative judgments about the superiority of particular institutional arrangements and also offers a more credible and tractable avenue to investigate institutional change.

Review of a Textbook “Economic Development. Theory and Practice”

2017 ◽  
Vol 2017 (3) ◽  
pp. 150-156
Author(s):  
Alexandr Khudokormov
Keyword(s):  
Economic Development ◽  
Theory And Practice ◽  
Development Theory ◽  
Economic Development Theory

This paper is a review of a new textbook “Economic Development. Theory and Practice” (2016) written by M.V. Kulakov and L.P. Chikhun.

scholarly journals The Role of Agricultural Sector Productivity in Economic Growth: The Case of Iran’s Economic Development Plan

2018 ◽  
Vol 10 (1) ◽  
pp. 16 ◽  
Author(s):  
Morteza Tahamipour ◽  
Mina Mahmoudi
Keyword(s):  
Economic Development ◽  
Total Factor Productivity ◽  
Productivity Growth ◽  
Agricultural Sector ◽  
Value Added ◽  
Total Factor Productivity Growth ◽  
Development Plan ◽  
Factor Productivity ◽  
Economic Development Plan

This study provides the theoretical framework and empirical model for productivity growth evaluations in agricultural sector as one of the most important sectors in Iran’s economic development plan. We use the Solow residual model to measure the productivity growth share in the value-added growth of the agricultural sector. Our time series data includes value-added per worker, employment, and capital in this sector. The results show that the average total factor productivity growth rate in the agricultural sector is -0.72% during 1991-2010. Also, during this period, the share of total factor productivity growth in the value-added growth is -19.6%, while it has been forecasted to be 33.8% in the fourth development plan. Considering the effective role of capital in the agricultural low productivity, we suggest applying productivity management plans (especially in regards of capital productivity) to achieve future growth goals.

Women as Marginal Social Actors, the Case of Economic Development

1989 ◽  
Vol 3 (1) ◽  
pp. 11-26
Author(s):  
Ruth Taplin
Keyword(s):  
Economic Development ◽  
Developing Economies ◽  
Relevant Literature ◽  
Historical Materialism ◽  
Development Theory ◽  
Social Actors ◽  
Narrow Scope ◽  
Multi Level ◽  
Development Literature ◽  
Economic Development Theory

The field of economics has been historically a discipline that emphasises men as the primary social actors within the economic sphere of the world and national developing economies. Although women make an extraordinary contribution given the paucity of economic resources available to them in developing societies, they continue to be dealt with as marginal elements within the discipline. Development studies having reached a theoretical impasse in general is being revived by the issue of the incorporation of gender into the mainstream of development debate, especially in sociology. We suggest a missing element in the economic development literature is a micro-macro analysis that takes into account multi-level linkages which would facilitate inclusion of women into the debate, as the bulk of women in developing economies engage in some form of production largely within the sphere of the family or household. In the course of the review and criticism of the relevant literature within the two basic schools of modernisation and historical-materialism, we conclude that women are a necessary vehicle of analysis as is a multi-level methodology that takes into account the level of the household/family unit if economic development theory is to progress beyond its current state of stagnation and narrow scope of assessment.

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