MIDDLE-CLASS CONSENSUS, SOCIAL CAPITAL AND THE FUNDAMENTAL CAUSES OF ECONOMIC GROWTH AND DEVELOPMENT

While a substantial amount of research has been devoted to showing what social capital does, research explaining social capital itself lags behind. The literature has a long tradition of examining the effect of social capital on local economic growth and development. In this paper we examine whether local economic development can explain the variation in social capital across various geographical clusters in the state of Georgia. We begin by devising a measurement tool, a Human Development Index (HDI), to measure community development. Our social capital measure includes associational memberships, voluntary activities, and philanthropy obtained from the Georgia Social Capital Survey. The findings show that even after accounting for various demographic and economic characteristics, the HDI explains the variation in a number of social capital levels (especially those measured by associational involvement) across various geographical clusters in the state of Georgia.

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THE ROLE OF EDUCATED LEADERS IN ECONOMIC GROWTH AND DEVELOPMENT: EVIDENCE FROM CENTRAL AFRICAN REPUBLIC AND SINGAPORE

The Singapore Economic Review ◽

10.1142/s0217590818500364 ◽

2018 ◽

Vol 65 (01) ◽

pp. 81-102

Author(s):

OLUWOLE OWOYE ◽

OLUGBENGA A. ONAFOWORA

Keyword(s):

Economic Growth ◽

Growth And Development ◽

Central African Republic ◽

Economic Growth And Development ◽

Highly Educated ◽

Educational Attainments ◽

Fundamental Causes ◽

The Mean ◽

Neoclassical Growth

This paper postulates that highly educated leaders matter in economic growth and development and that this is one of the fundamental causes of the differences in income between countries. To verify this assertion, we examine Central African Republic and Singapore within the neoclassical growth model that incorporates educational attainments of leaders as the functionally relevant explanatory variable. We found the mean years of schooling of educated leaders to be statistically and significantly different in both countries, but more importantly, educational attainments of leaders have a positive and statistically significant effect on economic growth in Singapore, but negative in Central African Republic.

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The Challenges of Smart Specialization Strategies and the Role of Entrepreneurial Universities

Advances in Business Strategy and Competitive Advantage - Handbook of Research on Global Competitive Advantage through Innovation and Entrepreneurship ◽

10.4018/978-1-4666-8348-8.ch029 ◽

2015 ◽

pp. 537-551 ◽

Cited By ~ 7

Author(s):

Domingos Santos ◽

Nuno Caseiro

Keyword(s):

Economic Growth ◽

Social Capital ◽

Growth And Development ◽

Successful Implementation ◽

Entrepreneurial Universities ◽

Policy Actor ◽

Economic Growth And Development ◽

Final Point ◽

Smart Specialization

This chapter explores the relation between the concepts of entrepreneurial universities (EU) within the framework of Smart Specialization Strategies (S3). The latter is arising as a new competitive paradigm and universities can be of great importance for its successful implementation because of their contribution both as a partner institution, policy actor and producer of knowledge and social capital that can affect the potential for economic growth and development of regions. The links and contributions of both dimensions are presented and explored. As a final point, the concept of entrepreneurial ecosystem is presented as a consequence and future development of the dynamics resulting S3 and entrepreneurial universities interactions.

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