2019 (16), №1

Social Capital and Economic Welfare of Society

For citation: 

Kondratieva, E. V. (2019). Social Capital and Economic Welfare of Society. Zhurnal Economicheskoj Teorii [Russian Journal of Economic Theory], 16(1), 111-119

Abstract:

This article assesses the approaches to the empirical analysis of the notion of social capital, suggests the analysis of databases of various types of capital accumulated in society along the lines of Olsen groups and Putnam groups, depending on a trust radius representative of these groups. Based on the data of the WorldValueSurvey and Russian regions, it is empirically proven that trust in big-radius groups correlates with the level of economic welfare. The study allows us to conclude that there are prerequisites for the formation of social capital with positive externalities of economic growth in Russian society.

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Elena Vladimirovna Kondratieva — PhD in Economics, Senior Research Associate, Associate Professor, Institute of Economics and Industrial Engineering of the Siberian Branch of the Russian Academy of Sciences (Novosibirsk, Russian Federation; e-mail: spinoff@ya.ru).

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