An Analysis Of Economic Components Of Social Capital Impact On Total Factor Productivity

Subject Areas : Financial Economics

Alireza Amini ¹ , Karim Emami ² , Faranak Mokri ³

1 - Assistant Professor,Islamic Azad university,Central Tehran branch
2 - Assistant Professor,Islamic Azad university,Scenc& Research Branch
3 - M.A. in Economic

Received: 2015-06-10 Accepted : 2015-06-10 Published : 2009-09-23

Keywords: Total factor productivity, Human Capital, Social capital, Technology,

Abstract :

In this study, factors affecting total factor productivity in the economy of Iran with emphasis on economic components of social capital studied. The economic component of social capital in this study have been studied include the gap between saving and investment as a substitute diversion of financial resources, government size, degree of openness of economy and inflation rate. in addition to the effect of above component, the impact of average years of education employees as a proxy of human capital on total factor productivity also has been studied. Model estimation results using time series data from the years 1353-16 to Auto regressive distributed lag indicate in long run human capital and the degree of openness of economy have positive and significant effects on total factor productivity ,but diversion of financial resources, government size and inflation rate have negative and significant effects on total factor productivity. The course was seen in spite of increased human capital and technology, productivity has declined in longrun because in this period social capital reduced