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Social Capital and Economic Development: PLS-SEM Model
[Zeitschriftenartikel]
Abstract The aim of this paper is to measure social capital and determine its effect on economic development across thirty five European economies from 2017 to 2020. Partial least squares structural equation modelling (PLS-SEM) was applied to measure and identify the relationship between latent (directly uno... mehr
The aim of this paper is to measure social capital and determine its effect on economic development across thirty five European economies from 2017 to 2020. Partial least squares structural equation modelling (PLS-SEM) was applied to measure and identify the relationship between latent (directly unobservable) variables. Social trust was found to be more strongly determined by interpersonal trust than by trust in organisations. Furthermore, social trust was also found to be the most important component of the overall measure of social capital. The latent variable representing social interaction and attitudes was found to be less important in the formation of social capital. Finally, a strong positive and statistically significant relationship was found between social capital and economic development.... weniger
Thesaurusschlagwörter
Sozialkapital; Wirtschaftsentwicklung; Europa
Klassifikation
Volkswirtschaftstheorie
Freie Schlagwörter
PLS-SEM; institutions; Joint EVS/WVS 2017-2021 Dataset (Joint EVS/WVS) (ZA7505 v1.1.0, doi:10.4232/1.13670)
Sprache Dokument
Englisch
Publikationsjahr
2023
Seitenangabe
S. 11-27
Zeitschriftentitel
Gospodarka narodowa : the Polish journal of economics, 314 (2023) 2
DOI
https://doi.org/10.33119/GN/163005
ISSN
2300-5238
Status
Veröffentlichungsversion; begutachtet (peer reviewed)