Growth Strategy with Social Capital and Physical Capital- Theory and Evidence: the Case of Vietnam
AbstractWe study the impact of social capital in both simple theoretical and em- pirical model with the main assumption is the price of physical capital is a decreasing function of social capital. In our theoretical model, there exists a critical value such that ffrm will not invest in social capital if its saving is lower than the critical value and otherwise. Moreover, the output depends positively and non-linearly on the social capital. Our empirical model that captures the impact of physical capital, human capital, and social capital using the database from Survey of Small and Medium Scale Manufactur- ing Enterprises (SMEs) in Vietnam 2011, conffrms the conclusions of the theoretical model.
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Bibliographic InfoPaper provided by Department of Research, Ipag Business School in its series Working Papers with number 2014-109.
Length: 23 pages
Date of creation: 25 Feb 2014
Date of revision:
Social Capital; Optimal Growth Classification-JEL : Z1; E2; O00;
Other versions of this item:
- Cuong Le Van & Anh Ngoc Nguyen & Ngoc-Minh Nguyen, 2014. "Growth Strategy with Social Capital and Physical Capital- Theory and Evidence: the Case of Vietnam," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-01021376, HAL.
- Cuong Le Van & Anh-Ngoc Nguyen & Ngoc-Minh Nguyen, 2014. "Growth Strategy with Social Capital and Physical Capital- Theory and Evidence: the Case of Vietnam," Documents de travail du Centre d'Economie de la Sorbonne 14045, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Z1 - Other Special Topics - - Cultural Economics
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- O00 - Economic Development, Technological Change, and Growth - - General - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-03-22 (All new papers)
- NEP-CSE-2014-03-22 (Economics of Strategic Management)
- NEP-FDG-2014-03-22 (Financial Development & Growth)
- NEP-SEA-2014-03-22 (South East Asia)
- NEP-SOC-2014-03-22 (Social Norms & Social Capital)
- NEP-TRA-2014-03-22 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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