Hitit Ekonomi ve Politika Dergisi (Jun 2021)
A Theoretical Review On Social Capital
Abstract
After the 1990s, social capital began to be included in the definition of capital, and economists began to view it as a component of economic growth and development. In the literature, there are numerous articles on social capital. The aim of this research is to use the comparative analysis approach to look at studies on social capital. The theoretical framework for the definition of social capital has been developed for this purpose; within the concept of capital, the position and economic effects of social capital have been highlighted. Th study also includes empirical studies showing that social capital positively affects economic growth as a result of productivity and production increase. It has been revealed in the study that social capital has positive effects on the economic indicators of countries. In addition, it was emphasized that economic and cultural capital are the most important factors affecting social capital. It has also been observed that social capital has an effect on the individual (internal social capital) and more towards society (external social capital), from beliefs and values of the individual to the frequency and intensity of social relations.
