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Social capital and its changes in Armenia: challenges and expectations
[journal article]
Abstract Social capital was the Achilles’ heel of the economic competitiveness of Armenia. In the meantime, the country made significant progress in solidifying it since the Velvet Revolution. In this article, we tried to present and analyze those elements of social capital which demonstrated significant pro... view more
Social capital was the Achilles’ heel of the economic competitiveness of Armenia. In the meantime, the country made significant progress in solidifying it since the Velvet Revolution. In this article, we tried to present and analyze those elements of social capital which demonstrated significant progress in post-revolutionary Armenia, as well as the changes thereof. For that purpose, we have formulated the following research questions: What factors led to this growth, and what factors still lag? What hidden challenges can be observed through factual indicators which probably resulted from the slight decrease in the updated scores? What changes can be expected from the turbulent world and in the post-war society? The applied methodology is quantitative. In particular, to answer the research questions we used index analysis, graphic analysis, and comparison, correlation analysis techniques, pared t-test of the mathematical-statistical significance of changes, and Principal Component Analysis. The results of the analysis showed that a significant increase in the level of social capital was recorded in post-revolutionary Armenia, which was mainly due to the progress in institutional trust. Nevertheless, some revealed anomalies and encountered challenges undermined the archived progress in the growth of trust. Therefore, we put forward several recommendations.... view less
Keywords
social capital; Armenia; economic development (on national level); competitiveness; confidence; participation
Classification
Political Economy
Free Keywords
Institutions; Velvet Revolution; Caucasus Barometer; Covid-19; War
Document language
English
Publication Year
2022
Page/Pages
p. 81-97
Journal
Journal of Liberty and International Affairs, 8 (2022) 1
ISSN
1857-9760
Status
Published Version; peer reviewed