Social Capital And Economic Growth

Abstract

This paper aims at reviewing the literature to find additional evidences for the recent debates on the role of social capital to economic growth, especially the mechanism of its impacts on economic growth. The analysis of social capital in terms of dimension and form helps to explain its capacity to enhance economic growth via three major channels i) bonding social capital pushes the economic growth through human capital accumulation ii) bridging social capital enhances the economic growth thanks to the positive effects of trust and norms to financial market development iii) vertical social capital facilitates the cooperation and networks, which creates and diffuses innovation and technology renovation. In general, social capital is theoretically and empirically proved to contribute to the development and expansion of economic activities, then push the economic growth. The findings implicitly propose important policies for nations, in general and Vietnam, in particular to mobilize proper social capital for sustainable economic growth.

Keywords

• tăng trưởng kinh tế
• vốn xã hội