scholarly journals SYSTEM-DYNAMIC MODELING OF THE IMPACT OF SOCIAL CAPITAL ON ECONOMIC GROWTH

2021 ◽  
Vol 6 (1) ◽  
pp. 25-32
Author(s):  
Ivona Milić Beran ◽  
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
System Dynamics ◽  
Dynamic Modeling ◽  
Structural Model ◽  
Physical Capital ◽  
System Dynamic ◽  
Mutual Correlation ◽  
Growth System ◽  
The Impact

This paper presents a qualitative and quantitative system-dynamic modeling of the impact of social capital on economic growth. Social capital is the most problematic of all the concepts that determine progress. On a broad conceptual level, there is agreement about the importance of social capital, which has been used to explain differences in progress among nations with similar natural, human and physical capital. Recent research suggests that it is more important to include an explanation of the interaction of economic actors and their organization when measuring progress than to measure progress without the influence of social capital. The purpose of this paper is to develop a system-dynamic model of the impact of social capital on economic growth that will enable better understanding and management of social capital. In order to build a system dynamics model, the paper will: provide an analysis and overview of social capital and system dynamics; develop a system dynamics structural and mental-verbal model of the impact of social capital on economic growth; and develop a mathematical model of economic growth. This will provide a practical insight into the dynamic behavior of the observed system, i.e., analyzing economic growth and observing the mutual correlation between individual parameters. Keywords: social capital, economic growth, system dynamics, structural model

scholarly journals THE IMPACT OF THE PANDEMIC LOCKDOWN ON AIR POLLUTION, HEALTH AND ECONOMIC GROWTH: SYSTEM DYNAMICS ANALYSIS

2020 ◽  
Vol 73 (11) ◽  
pp. 2332-2338
Author(s):  
Vladyslav A. Smiianov ◽  
Oleksii V. Lyulyov ◽  
Tetyana V. Pimonenko ◽  
Tetyana A. Andrushchenko ◽  
Serhii Sova ◽  
...  
Keyword(s):  
Public Health ◽  
Economic Growth ◽  
Air Pollution ◽  
System Dynamics ◽  
Bibliometric Analysis ◽  
Negative Impact ◽  
Dynamics Analysis ◽  
Growth System ◽  
The Government ◽  
The Impact

The aim of the paper is checking the hypothesis on the linking between consequences of pandemic lockdown and air pollution, public health, and economic growth. Materials and methods: for prediction and modelling of the pandemic lockdown’s impact on the air pollution, health, and economic growth with the system dynamics analysis and software Vensim; for the analysis, the authors used the methods as follows: bibliometric analysis with Scopus Tools Analysis and software VOSviewer. Results: The findings confirmed that the current rate of infected from growing disease was 11%. If quarantine continues the rate of infected from the growing disease will be 15%. If the quarantine cancels the rate of infected from the growing disease will be 5%, and the declining of GDP increment will be higher, than in scenario with quarantine. Conclusions: The findings confirmed the hypothesis that lockdown has the negative impact on the economic, social, and ecological growth of the country. At the same time, in the case, if the government cancel the quarantine, the declining of GDP increment will be higher, and the rate of infected from the growing disease will be the highest – 15%. In this case, the government should provide the quarantine regime and strengthen the control of the compliance.

ICT Powered Strategic Flexibility System Dynamic Model

2014 ◽  
Vol 3 (1) ◽  
pp. 90-110 ◽  
Author(s):  
Agnes Mindila ◽  
Anthony Rodrigues ◽  
Dorothy McCormick ◽  
Ronald Mwangi
Keyword(s):  
System Dynamics ◽  
Strategic Management ◽  
Dynamic Model ◽  
Dynamic Capabilities ◽  
System Dynamic ◽  
Strategic Flexibility ◽  
System Dynamic Model ◽  
Sustainable Competitive Advantage ◽  
Modeling Methodology ◽  
The Impact

Resource-Based View (RBV) of the firm in strategic management literature focuses on firm internal endowments in terms of resources, capabilities and dynamic capabilities for their development. By establishing a learning mechanism, where they are able to adapt and influence the environment, enterprises build a dynamic competence and sustainable competitive advantage. This paper posits that this dynamic competence or strategic flexibility as referred to by strategic management scholars is a phenomenon that needs to be understood by scholars and practitioners in MSEs so that effective intervention programs can be designed. The paper argues that by treating strategic flexibility as a CAS provides a methodology within which models based on known theories in strategic management are employed and tested using system dynamics. The paper also posits that System Dynamics (SD) modeling is a good modeling methodology that captures the dynamism in a CAS. The paper therefore presents a conceptual model for strategic flexibility and a system dynamic model that reveals the variables in play and their relationships. In so doing the paper exposes influence points in the CAS that act as intervention points by practitioners in strategic flexibility of firms. The paper presents ICTs as interventions at the influence points and presents a generic strategic flexibility system dynamic model that brings to play the impact of ICT.

Democracy and Economic Growth: A Historical Perspective

2005 ◽  
Vol 57 (3) ◽  
pp. 323-364 ◽  
Author(s):  
John Gerring ◽  
Philip Bond ◽  
William T. Barndt ◽  
Carola Moreno
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Growth Performance ◽  
Historical Perspective ◽  
Causal Effect ◽  
Physical Capital ◽  
Capital Social ◽  
Causal Pathways ◽  
Subsequent Period ◽  
Long Run

Recent studies appear to show that democracy has no robust association with economic growth. Yet all such work assumes that the causal effect of democracy can be measured by a country's regime status in a particular year (T), which is correlated with its growth performance in a subsequent period (T+l). The authors argue that democracy must be understood as astock,rather than alevel,measure. That is, a country's growth performance is affected by the number of years it has been democratic, in addition to the degree of democracy experienced during that period. In this fashion, democracy is reconceptualized as a historical, rather than a contemporary, variable—with the assumption that long-run historical patterns may help scholars to understand present trends. The authors speculate that these secular-historical influences operate through four causal pathways, each of which may be understood as a type of capital: physical capital, human capital, social capital, and political capital. This argument is tested in a crosscountry analysis and is shown to be robust in a wide variety of specifications and formats.

The Impact of Social Capital on Construction Safety Climate

2015 ◽  
Vol 719-720 ◽  
pp. 1251-1257 ◽  
Author(s):  
Shu Quan Li ◽  
Xiu Yu Wu ◽  
Yue Hui Wang
Keyword(s):  
Social Capital ◽  
Safety Climate ◽  
Structural Model ◽  
Construction Safety ◽  
Safety Performance ◽  
Structural Dimension ◽  
Construction Sites ◽  
Cognitive Dimension ◽  
Construction Enterprises ◽  
The Impact

The importance of safety climate on safety performance in construction has been highly acknowledged, and the definitions and elements of safety climate have been widely discussed over the years. However, researches about how to improve constructions safety climate have been less focused. The aim of this study was to find the impact of social capital on safety climate. A questionnaire of social capital and safety climate was conducted by 316 employees from 45 construction sites, and an empirical analysis was made by exploratory factor analysis (EFA) and structural model theory (SEM). The results showed that: the cognitive dimension and relational dimension of social capital are significantly positive correlation to safety climate, while the structural dimension is not significant. The findings of this study provide useful information to improve safety climate for construction enterprises.

Does female human capital contribute to economic growth in India?: an empirical investigation

2017 ◽  
Vol 44 (11) ◽  
pp. 1506-1521 ◽  
Author(s):  
Madhu Sehrawat ◽  
A.K. Giri
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Physical Capital ◽  
Variance Decomposition ◽  
Content Type ◽  
Indian Economy ◽  
Education And Health ◽  
Long Run ◽  
Short Run ◽  
The Impact

Purpose The purpose of this paper is to examine the impact of female human capital on economic growth in the Indian economy during 1970-2014. Design/methodology/approach The paper employs Ng-Perron unit root test to check the order of integration of the variables. The study also used ARDL-bounds testing approach and the unrestricted error-correction model to investigate co-integration in the long run and short run; Granger’s causality test to investigate the direction of the causality; and variance decomposition test to capture the influence of each variable on economic growth. Findings The study constructed a composite index for both male and female human capitals by taking education and health as a proxy for human capital. The empirical findings reveal that female human capital is significant and positively related to economic growth in both short run and long run, while male human capital is positive but insignificant to the economic growth; same is the case for physical capital, it implies that such investment regarding female human capital needs to be reinforced. Further, there is an evidence of a long-run causal relationship from female human capital, male human capital and physical capital to economic growth variable. The results of variance decomposition show the importance of the female human capital variable is increasing over the time and it exerts the largest influence in change in economic growth. Research limitations/implications The empirical findings suggest that the Indian economy has to pay attention equally on the development of female human capital for short-run as well as long-run growth of the economy. This implies that the policy makers should divert more expenditure for developing support for female education and health. Originality/value To the best of authors’ knowledge, this is the first attempt to study the relationship between female human capital and economic growth in the context of the Indian economy.

scholarly journals Education and the Challenge of Poverty Alleviation in Nigeria

2020 ◽  
pp. 12-23
Author(s):  
R. Oke ◽  
S. I. Oladeji ◽  
O. P. Olofin
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Population Growth ◽  
Educational System ◽  
Population Growth Rate ◽  
Interactive Effect ◽  
Physical Capital ◽  
Employment Rate ◽  
Poverty Level ◽  
The Impact

Using Vector Autoregressive and Autoregressive Distributed Lag methods to examine the impact of education on poverty level and the interactive effect of education and economic growth on poverty level in Nigeria between 1985 and 2016, our results show that education promotes poverty level, instead of reducing it. We found significant cointegrating relationship among poverty, economic growth, education, employment rate, population growth rate, real physical capital formation, education level and real GDP. In the short-run, employment rate reduces poverty level, population growth rate increases poverty level both in the short and long-run. The results of interactive effect of economic growth and education on poverty growth show that jointly economic growth and education reduce poverty, although the results are not statistically significant. This shows that they have minimal impact on poverty level in Nigeria. Our findings may not be surprising, given the current slow-down in Nigeria educational system and the wide gap between the few rich and the larger poor. The study suggests improvement in Nigeria educational system so as promote employment and curb rising poverty level.

scholarly journals Relationship Between Human Capital and Technological Innovation Growth of Regional Economy and Psychology of New Entrepreneurs in Northeast China

2021 ◽  
Vol 12 ◽  
Author(s):  
Xingyang Yu ◽  
Mingji Liu
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Northeast China ◽  
Psychological Capital ◽  
New Ventures ◽  
External Environment ◽  
Economic Restructuring ◽  
Physical Capital ◽  
The Impact ◽  
The Relationship

The economic restructuring and rapid rise of the economy in Northeast China have resulted in a proliferation of new ventures. Studying the psychology of new entrepreneurs is conducive to understanding the relationship between human capital and economic growth. The work reported here aims to explore the impact of human capital on economic growth in Northeast China and the influencing factors of psychological capital of new entrepreneurs in the entrepreneurial process. Based on Cobb–Douglas production function, the relationship between labor, physical capital, or human capital and economic growth in Northeast China is analyzed by econometric methods, and a model of human capital and economic growth in Northeast China is constructed. Besides, a psychological capital intervention (PCI) model is proposed to develop the psychological capital of new entrepreneurs, and the psychological quality structure model of entrepreneurial entrepreneurs and its operation mechanism. The results of the empirical analysis demonstrate that the elasticity coefficient of human capital in Northeast China is 0.15902, five times smaller than that of labor and physical capital. Moreover, 70% of new ventures are willing to accept higher education. The fitting degree of using the PCI model to develop the psychological capital of new ventures is only 0.3%. In addition, the modified external environment PCI instead of the external environment PCI model has a huge operating potential in the macro-entrepreneurial environment. In conclusion, the impact of human capital on economic growth in the northeast is smaller than the impact of labor and material capital investment on regional economic growth. The development of human capital and research on the composition and mechanism of psychological quality of entrepreneurial entrepreneurs are of significant theoretical and practical values to promote the economic growth in the northeast.

scholarly journals Test by the SVECM model of the impact of the exchange rates and foreign direct investment on the economic growth of the Maghreb region

2020 ◽  
Vol 19 (1) ◽  
pp. 1-14
Author(s):  
Affes Yossor ◽  
Kalai Maha
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Exchange Rates ◽  
Direct Investment ◽  
Structural Model ◽  
Added Value ◽  
The Real ◽  
Cyclical Fluctuations ◽  
Regional Dynamics ◽  
The Impact

The purpose of this article is to identify the main sources of cyclical fluctuations affecting the five Maghreb countries in a general analysis framework through the impact of the exchange rates and foreign direct investment. Besides, will consider in this study a set of variables taking into account the real monetary and fi ancial dimensions of the economies. Therefore, authors have adopted an approach in terms of the VECM Structural model and analyzed the robustness of the response functions. Indeed, the estimation results showed the existence of a regional dynamics where the respective sensitivity to change of the real exchange rate is the same. In addition, FDI and REER stimulate economic growth of the Maghreb economies in exchange for regime transmutations. In addition, the participation of FDI in the socio-economic development seems to be weak without the implementation of a policy of support and guidance aimed at reducing the catastrophic effects on the economy and reorienting its investments towards sectors with a high added value.

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