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The Model of Endogenous Economic Growth Associated with Investing in Social Capital

Student: Nadeev Oleg

Supervisor: Valery A. Verbus

Faculty: Faculty of Economics

Educational Programme: Economics (Bachelor)

Year of Graduation: 2018

In this paper, a very relevant topic of the relationship between social capital and economic growth is considered. The object of research is social capital, the subject is its essence, species and features. The work introduces the most famous works of the authors on this topic, such as: Bourdieu, Fukuyama, Putnam, etc. Due to its specificity, social capital is difficult to calculate, therefore, determining the extent of its impact on economic growth and other indicators entails certain difficulties. At the moment, information on issues related to social capital is very fragmented. The concept of social capital is absent in the legislation, only human capital is considered. There is no single methodology for its measurement and models of its influence on economic growth. All this has determined the choice of the topic and its relevance. As a result, based on the studies of previous years, a regression model was constructed demonstrating the possibility of endogenous growth of the economy when investing in social capital.

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