Research Article
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Year 2022, Volume: 26 Issue: 2, 133 - 144, 28.10.2023
https://doi.org/10.51945/cuiibfd.1206750

Abstract

References

  • Acemoglu, D., Robinson, J. & Johnson, S., 2001. “The Colonial origins of comparative development: An empirical investigation”, The American Economic Review, Vol. 91, pp. 1369-1401.
  • Adi Syahid, M. A., Faathirah, J. & Tuan M. Z., 2021. “Social Capital In Poverty Reduction: A Systematic Literature Review”, Turkısh Journal Of Computer And Mathematıc Educatıon, Turkbilmat Egitim Hizmetleri, 4, 665, ISSN:13094653.
  • Agarwala, M., Atkinson, G. Fry, B. P., Homewood, K., Mourato, S., Rowcliffe, J. M., Wallace, G. & Milner-Gulland, E. J., 2014. “Assessing the Relationship between Human Well-Being and Ecosystem Services: A Review of Frameworks”. Conservation and Society 12 (4): 437–49.
  • Agarwala, M. & Zenghelis, D., 2021. “The Changing Wealth of Nations 2021: Managing Assets for the Future. In Social Capital and the Changing Wealth of Nations”. World Bank. ISBN: 978-1-4648-1590-4.
  • Algan, Y. &. Cahuc, P., 2009. “Civic Culture and Labor Market Institutions”, The American Economic Journal: Macroeconomics, Vol. 1(1), pp. 1-55.
  • Algan, Y. &. Cahuc, P., 2010. “Inherited trust and growth”, The American Economic Review, Vol. 100, pp. 2060-2092.
  • Algan, Y. & Cahuc, P., 2014. “Trust, Growth, and Well-Being: New Evidence and Policy Implications”. In Handbook of Economic Growth (Vol. 2), edited by P. Aghion and S. N. Durlauf, 49–120. Oxford, UK: Elsevier. https://doi .org/10.1016/B978-0-444-53538-2.00002-2.
  • Arrow, K. J., 1972. “Gifts and Exchanges”, Philosophy & Public Affairs, Vol. 1(4), pp. 343-362.
  • Banfield, E., 1958. The Moral Basis of a Backward Society, Free Press, New York. Baiyegunhi, L.J.S., 2014. “Social capital effects on rural household poverty in Msinga, Kwazulu-Natal, South Africa”. Agricultural Economics Association of South Africa, 53(2), 47-64. DOI: 10.1080/03031853.2014.915478
  • Bourdieu, P.,1986. “The Forms of Capital. In Handbook of Theory and Research for the Sociology of Education”, edited by J. G. Richardson, 241–58. New York: Greenwood.
  • Coleman, J.S., 1974. Power and the Structure of Society, Norton, New York. Dasgupta, P. & Serageldin, I. (eds.), 2000. “Social Capital: A Multifaceted Perspective”, World Bank, Washington D.C.
  • Dasgupta, P., 2005. “Economics of Social Capital”. Economic Record 81 (s1): S2–S21. Dasgupta, P., 2011. “A Matter of Trust: Social Capital and Economic Development. In
  • Annual Bank Conference on Development Economics (ABCDE)—Global 2010: Lessons from East Asia and the Global Financial Crisis”, edited by J. Lin and B. Pleskovic, 119–55. Washington, DC:World Bank.
  • Glen, S., 2017. "Hausman Test for Endogeneity (Hausman Specification Test)" From StatisticsHowTo.com: Elementary Statistics for the rest of us! https://www.statisticshowto.com/hausman-test/
  • Grootaert, C., 1998. “Social Capital: The Missing Link?” Social Capital Initiative Working Paper No. 3, World Bank, Washington, DC. http://documents1 .worldbank.org/curated/en/902971468764409654/pdf/multi0page.pdf.
  • Grootaert, C., 1999. “Social capital, household welfare, and poverty in Indonesia”. World Bank Policy Research Working Paper, (2148).
  • Grootaert, C., 2001. “Does Social Capital Help the Poor? A Synthesis of Findings from the Local Level Institutions Studies in Bolivia, Burkina Faso, and Indonesia”. Washington, DC: The World Bank.
  • Grootaert, C., Oh, G. T., & Swamy, A., 2002b. “Social capital, household welfare and poverty in Burkina Faso”. Journal of African Economies, 11(1), 4–38.
  • Hamilton, K., Helliwell, J. F. & Woolcock, M., 2016. “Social Capital, Trust and WellBeing in the Evaluation of Wealth”. NBER Working Paper 22556, National Bureau of Economic Research, Cambridge, MA
  • Hassan, R., Birungi, P., 2011. “Social capital and poverty in Uganda”. Development Southern Africa, 28(1), 19-37
  • Islam, M.S. & Alam, K., 2018. “Does social capital reduce poverty? A cross-sectional study of rural households in Bangladesh”. International Journal of Social Economics. https://doi.org/10.1108/IJSE-07- 2017-0295.
  • Iyer, S., Kitson, M., & Toh, B., 2005. Social capital, economic growth and regional development. Regional Studies, 39(8), 1015-1040.
  • Knack, S., Keefer, P., 1997. “Does social capital have an economic payoff? A crosscountry investigation”. The Quarterly Journal of Economics, 112(4), 1251-1288.
  • Lange, G.-M., Wodon, Q. & Carey, K. eds., 2018. “The Changing Wealth of Nations 2018: Building a Sustainable Future”. Washington, DC: World Bank
  • Lin, N., 2002. “Social Capital: A Theory of Social Structure and Action”, vol. 19. Cambridge, UK: Cambridge University Press
  • Lins, K. V., Servaes, H. & Tamayo, A., 2017. “Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis”. Journal of Finance 72 (4): 1785–1824.
  • Liu, H., Clem, T. & Wang, F., 2019. “Poverty and its reduction in a Chinese border region:Is social capital important?”. Journal of Asia Pacific Economy, 1-23. DOI: 10.1080/13547860.2019.1591743
  • Narayan, D. & Pritchett, L., 1999. “Cents and sociability: Household income and social capital in rural Tanzania”. Economic Development and Cultural Change, 47(4), 871-897.
  • Nasution, A., Rustiadi, E., Juanda, B., & Hadi, S., 2014. “Impact of social capital on rural household welfare in Indonesia”. Journal of Social and Development, 30(2), 137-148.
  • Nasution, A., Rustiadi, E., Juanda, B., & Hadi, S., 2015. “Two-way causality between social capital and poverty in rural Indonesia”. Asian Social Science, 11(13), 139- 150.
  • North, D.C., 1990. Institutions, Institutional Change and Economic Performance, Cambridge University Press, Cambridge, MA.
  • OECD, 2001. “The Well-being of Nations: The Role of Human and Social Capital”, OECD Publishing, Paris, http://dx.doi.org/10.1787/9789264189515-en.
  • OECD, 2013a. “Trust in government, in Government at a Glance 2013”, OECD Publishing, Paris, http://dx.doi.org/10.1787/gov_glance-2013-7-en.
  • OECD, 2015. “Trust in government, in Government at a Glance 2015”, OECD Publishing, Paris, http://dx.doi.org/10.1787/gov_glance-2015-50-en.
  • Okunmadewa, F., Yusuf, S., & Omonona, O., 2007. “Effects of social capital on rural poverty in Nigeria”. Pakistan Journal of Social Sciences, 4(3), 331-339.
  • Osei, C. D., & Zhuang, J., 2020. “Rural Poverty Alleviation Strategies and Social Capital Link: The Mediation Role of Women Entrepreneurship and Social Innovation”. SAGE Open, 10(2), 215824402092550. doi:10.1177/2158244020925504.
  • Pham, A.T.Q. & Mukhopadhaya, P., 2022. “Multidimensionl Poverty and The Role of Social Capital in Poverty Alleviation Among Ethnic Groups in Rural Vietnam: A Multilevel Analysis”. Soc Indic Res 159, 281–317 https://doi.org/10.1007/s11205-021-02747-y
  • Putnam, R. D., Leonardi, R. & Nanetti, R. Y., 1994. Making Democracy Work: Civic Traditions in Modern Italy. Princeton, NJ: Princeton University Press
  • Putnam, R. D., 2001. Bowling Alone: The Collapse and Revival of American Community. New York: Simon and Schuster.
  • Rothstein, B., 2011. The Quality of Government, Social Trust and Inequality in International Perspective, University of Chicago Press, Chicago, IL.
  • Rustiadi,R. & Nasution, A.,2017. “Can Social Capital Investment Reduce Poverty in Rural Indonesia?” International Journal of Economics and Financial Issues, 7(2), 109-117. Retrieved from https://dergipark.org.tr/tr/pub/ijefi/issue/32035/35445.
  • Scuderi, R., Tesoriere, G., Fasone, V. & Pedrini, G., 2022, "Social capital, poverty alleviation and complexity in Africa. Evidence from rural areas", Journal of Economic Studies, Vol. ahead-of-print No. ahead-ofprint. https://doi.org/10.1108/JES-03-2022-0177 Stiglitz, J. E., Sen, A. & Fitoussi, J. P., 2009. “Report by the Commission on the Measurement of Economic and Social Progress”, http://ec.europa.eu/eurostat/documents/118025/118123/Fitoussi+Commission+re port.
  • Tenzin, G., Otsuka, K., & Natsuda, K., 2015. “Can Social Capital Reduce Poverty? A Study of Rural Households in Eastern Bhutan”. Asian Economic Journal, 29(3), 243–264. doi:10.1111/asej.12057
  • Wildavsky, A., 1987. “Choosing Preferences by Constructing Institutions: A Cultural Theory of Preference Formation”. American Political Science Review 81 (1): 3– 21. doi:10.2307/1960776.
  • Yunus, S., Zainal, S., Jalil, F. & Sari, C.M.A., 2020. “Correlation of social capital and poverty farmers in Acheh”. Human & Social Sciences Reviews, 8(1), 20-26.

The Poverty Reduction And Social Capital Relationship: Comparative Findings From Selected OECD Countries

Year 2022, Volume: 26 Issue: 2, 133 - 144, 28.10.2023
https://doi.org/10.51945/cuiibfd.1206750

Abstract

One of the most important elements of the fight against poverty is social capital. Social capital is of critical importance in the fight against poverty because of its ability to activate existing resources in the economic development process of countries and to prevent all resources, opportunities, and, potentials from being idle, especially for the poor. In our study, which aims to analyze the positive effects of social capital on poverty within the scope of new data and samples, analyzes were made within the scope of selected OECD countries RE findings from the econometric analysis indicate that all variables have a positive effect on GDP per capita for the 2012-2019 period in 12 selected countries. In general, our results are consistent with previous studies. The social capital coefficient gives the biggest positive effect on GDP per capita compared to other types of capital. It is important for developing countries to implement policies that increase social capital levels (especially bridging and linking types of social capital) for economic development in terms of increasing their per capita GDP levels.

References

  • Acemoglu, D., Robinson, J. & Johnson, S., 2001. “The Colonial origins of comparative development: An empirical investigation”, The American Economic Review, Vol. 91, pp. 1369-1401.
  • Adi Syahid, M. A., Faathirah, J. & Tuan M. Z., 2021. “Social Capital In Poverty Reduction: A Systematic Literature Review”, Turkısh Journal Of Computer And Mathematıc Educatıon, Turkbilmat Egitim Hizmetleri, 4, 665, ISSN:13094653.
  • Agarwala, M., Atkinson, G. Fry, B. P., Homewood, K., Mourato, S., Rowcliffe, J. M., Wallace, G. & Milner-Gulland, E. J., 2014. “Assessing the Relationship between Human Well-Being and Ecosystem Services: A Review of Frameworks”. Conservation and Society 12 (4): 437–49.
  • Agarwala, M. & Zenghelis, D., 2021. “The Changing Wealth of Nations 2021: Managing Assets for the Future. In Social Capital and the Changing Wealth of Nations”. World Bank. ISBN: 978-1-4648-1590-4.
  • Algan, Y. &. Cahuc, P., 2009. “Civic Culture and Labor Market Institutions”, The American Economic Journal: Macroeconomics, Vol. 1(1), pp. 1-55.
  • Algan, Y. &. Cahuc, P., 2010. “Inherited trust and growth”, The American Economic Review, Vol. 100, pp. 2060-2092.
  • Algan, Y. & Cahuc, P., 2014. “Trust, Growth, and Well-Being: New Evidence and Policy Implications”. In Handbook of Economic Growth (Vol. 2), edited by P. Aghion and S. N. Durlauf, 49–120. Oxford, UK: Elsevier. https://doi .org/10.1016/B978-0-444-53538-2.00002-2.
  • Arrow, K. J., 1972. “Gifts and Exchanges”, Philosophy & Public Affairs, Vol. 1(4), pp. 343-362.
  • Banfield, E., 1958. The Moral Basis of a Backward Society, Free Press, New York. Baiyegunhi, L.J.S., 2014. “Social capital effects on rural household poverty in Msinga, Kwazulu-Natal, South Africa”. Agricultural Economics Association of South Africa, 53(2), 47-64. DOI: 10.1080/03031853.2014.915478
  • Bourdieu, P.,1986. “The Forms of Capital. In Handbook of Theory and Research for the Sociology of Education”, edited by J. G. Richardson, 241–58. New York: Greenwood.
  • Coleman, J.S., 1974. Power and the Structure of Society, Norton, New York. Dasgupta, P. & Serageldin, I. (eds.), 2000. “Social Capital: A Multifaceted Perspective”, World Bank, Washington D.C.
  • Dasgupta, P., 2005. “Economics of Social Capital”. Economic Record 81 (s1): S2–S21. Dasgupta, P., 2011. “A Matter of Trust: Social Capital and Economic Development. In
  • Annual Bank Conference on Development Economics (ABCDE)—Global 2010: Lessons from East Asia and the Global Financial Crisis”, edited by J. Lin and B. Pleskovic, 119–55. Washington, DC:World Bank.
  • Glen, S., 2017. "Hausman Test for Endogeneity (Hausman Specification Test)" From StatisticsHowTo.com: Elementary Statistics for the rest of us! https://www.statisticshowto.com/hausman-test/
  • Grootaert, C., 1998. “Social Capital: The Missing Link?” Social Capital Initiative Working Paper No. 3, World Bank, Washington, DC. http://documents1 .worldbank.org/curated/en/902971468764409654/pdf/multi0page.pdf.
  • Grootaert, C., 1999. “Social capital, household welfare, and poverty in Indonesia”. World Bank Policy Research Working Paper, (2148).
  • Grootaert, C., 2001. “Does Social Capital Help the Poor? A Synthesis of Findings from the Local Level Institutions Studies in Bolivia, Burkina Faso, and Indonesia”. Washington, DC: The World Bank.
  • Grootaert, C., Oh, G. T., & Swamy, A., 2002b. “Social capital, household welfare and poverty in Burkina Faso”. Journal of African Economies, 11(1), 4–38.
  • Hamilton, K., Helliwell, J. F. & Woolcock, M., 2016. “Social Capital, Trust and WellBeing in the Evaluation of Wealth”. NBER Working Paper 22556, National Bureau of Economic Research, Cambridge, MA
  • Hassan, R., Birungi, P., 2011. “Social capital and poverty in Uganda”. Development Southern Africa, 28(1), 19-37
  • Islam, M.S. & Alam, K., 2018. “Does social capital reduce poverty? A cross-sectional study of rural households in Bangladesh”. International Journal of Social Economics. https://doi.org/10.1108/IJSE-07- 2017-0295.
  • Iyer, S., Kitson, M., & Toh, B., 2005. Social capital, economic growth and regional development. Regional Studies, 39(8), 1015-1040.
  • Knack, S., Keefer, P., 1997. “Does social capital have an economic payoff? A crosscountry investigation”. The Quarterly Journal of Economics, 112(4), 1251-1288.
  • Lange, G.-M., Wodon, Q. & Carey, K. eds., 2018. “The Changing Wealth of Nations 2018: Building a Sustainable Future”. Washington, DC: World Bank
  • Lin, N., 2002. “Social Capital: A Theory of Social Structure and Action”, vol. 19. Cambridge, UK: Cambridge University Press
  • Lins, K. V., Servaes, H. & Tamayo, A., 2017. “Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis”. Journal of Finance 72 (4): 1785–1824.
  • Liu, H., Clem, T. & Wang, F., 2019. “Poverty and its reduction in a Chinese border region:Is social capital important?”. Journal of Asia Pacific Economy, 1-23. DOI: 10.1080/13547860.2019.1591743
  • Narayan, D. & Pritchett, L., 1999. “Cents and sociability: Household income and social capital in rural Tanzania”. Economic Development and Cultural Change, 47(4), 871-897.
  • Nasution, A., Rustiadi, E., Juanda, B., & Hadi, S., 2014. “Impact of social capital on rural household welfare in Indonesia”. Journal of Social and Development, 30(2), 137-148.
  • Nasution, A., Rustiadi, E., Juanda, B., & Hadi, S., 2015. “Two-way causality between social capital and poverty in rural Indonesia”. Asian Social Science, 11(13), 139- 150.
  • North, D.C., 1990. Institutions, Institutional Change and Economic Performance, Cambridge University Press, Cambridge, MA.
  • OECD, 2001. “The Well-being of Nations: The Role of Human and Social Capital”, OECD Publishing, Paris, http://dx.doi.org/10.1787/9789264189515-en.
  • OECD, 2013a. “Trust in government, in Government at a Glance 2013”, OECD Publishing, Paris, http://dx.doi.org/10.1787/gov_glance-2013-7-en.
  • OECD, 2015. “Trust in government, in Government at a Glance 2015”, OECD Publishing, Paris, http://dx.doi.org/10.1787/gov_glance-2015-50-en.
  • Okunmadewa, F., Yusuf, S., & Omonona, O., 2007. “Effects of social capital on rural poverty in Nigeria”. Pakistan Journal of Social Sciences, 4(3), 331-339.
  • Osei, C. D., & Zhuang, J., 2020. “Rural Poverty Alleviation Strategies and Social Capital Link: The Mediation Role of Women Entrepreneurship and Social Innovation”. SAGE Open, 10(2), 215824402092550. doi:10.1177/2158244020925504.
  • Pham, A.T.Q. & Mukhopadhaya, P., 2022. “Multidimensionl Poverty and The Role of Social Capital in Poverty Alleviation Among Ethnic Groups in Rural Vietnam: A Multilevel Analysis”. Soc Indic Res 159, 281–317 https://doi.org/10.1007/s11205-021-02747-y
  • Putnam, R. D., Leonardi, R. & Nanetti, R. Y., 1994. Making Democracy Work: Civic Traditions in Modern Italy. Princeton, NJ: Princeton University Press
  • Putnam, R. D., 2001. Bowling Alone: The Collapse and Revival of American Community. New York: Simon and Schuster.
  • Rothstein, B., 2011. The Quality of Government, Social Trust and Inequality in International Perspective, University of Chicago Press, Chicago, IL.
  • Rustiadi,R. & Nasution, A.,2017. “Can Social Capital Investment Reduce Poverty in Rural Indonesia?” International Journal of Economics and Financial Issues, 7(2), 109-117. Retrieved from https://dergipark.org.tr/tr/pub/ijefi/issue/32035/35445.
  • Scuderi, R., Tesoriere, G., Fasone, V. & Pedrini, G., 2022, "Social capital, poverty alleviation and complexity in Africa. Evidence from rural areas", Journal of Economic Studies, Vol. ahead-of-print No. ahead-ofprint. https://doi.org/10.1108/JES-03-2022-0177 Stiglitz, J. E., Sen, A. & Fitoussi, J. P., 2009. “Report by the Commission on the Measurement of Economic and Social Progress”, http://ec.europa.eu/eurostat/documents/118025/118123/Fitoussi+Commission+re port.
  • Tenzin, G., Otsuka, K., & Natsuda, K., 2015. “Can Social Capital Reduce Poverty? A Study of Rural Households in Eastern Bhutan”. Asian Economic Journal, 29(3), 243–264. doi:10.1111/asej.12057
  • Wildavsky, A., 1987. “Choosing Preferences by Constructing Institutions: A Cultural Theory of Preference Formation”. American Political Science Review 81 (1): 3– 21. doi:10.2307/1960776.
  • Yunus, S., Zainal, S., Jalil, F. & Sari, C.M.A., 2020. “Correlation of social capital and poverty farmers in Acheh”. Human & Social Sciences Reviews, 8(1), 20-26.
There are 45 citations in total.

Details

Primary Language English
Journal Section Research Articles
Authors

Murat Bayraktar 0000-0003-4028-192X

Neşe Algan 0000-0001-7989-1114

Harun Bal 0000-0003-0878-8253

Başak Gül Akar 0000-0001-7258-4402

Esma Erdoğan 0000-0002-7324-8512

Early Pub Date October 28, 2023
Publication Date October 28, 2023
Submission Date November 18, 2022
Acceptance Date December 25, 2022
Published in Issue Year 2022 Volume: 26 Issue: 2

Cite

APA Bayraktar, M., Algan, N., Bal, H., Akar, B. G., et al. (2023). The Poverty Reduction And Social Capital Relationship: Comparative Findings From Selected OECD Countries. Çukurova Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 26(2), 133-144. https://doi.org/10.51945/cuiibfd.1206750