The effect of social capital on economic growth in the Middle East and North of Africa
Subject Areas : Journal of Iranian Social Development Studies
1 - استاد/دانشگاه مازندران
Keywords: Social Capital, Economic growth, Panel Data Method, Middle East and North of Africa,
Abstract :
With the emergence of "new institutionalism" school, the role of institutions and social capital in economic growth and Economic performance has been more attention. In some countries, evidence of Aaron (2000) and Barr (1996 ) Studies showed that the economic growth had effectively been prevented by the weak political institutions and economic institutions. Also, based on the North Institutional idea, the return of political activities are the trust and participation and provider of social capital. Nowadays, the social capital is the main Principle for achieving to high economic growth and development, and it is difficult to access to development and economic growth without social capital.There for, in this study, the effect of social capital along with the physical capital, human capital, openness, the size of Government and the labor force on economic growth are investigated by using a panel data model for the Middle East and North Africa countries over the period 1996-2012. On the base of results, the social capital has a significant positive effect on economic growth. So governments need to pay attention to socio-economic and cultural conditions in favor of social capital formation for achieving economic growth.
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