What does a comparison between Latvia, Lithuania, Kazakhstan and Kyrgyzstan tell about the cognition and institutions as social capital in the extended market order?
AbstractThis paper considers cognition and institution as social capital. Its starts from the freedom of Economic report. It was noticed that the core tenants of the freedom of Economics are deeply embedded in the core tenants of social capital which also has strong linkages to culture. Culture also relates to the mind of the people and their way of thinking, by setting the framework within which all interaction that take place can be viewed as crucial elements underlying the of lives in the larger social existence. Quantitative indicators of culture and institutions as social capital was imputed from the World value Survey and was considered in the four countries under consideration, it was noticed that trust among Latvians though may take time but once given, is very strong. This same cannot be said for Lithuania, Kazakhstan and Kyrgyzstan. This can explain to some extent trust in public institution and high rate of economic growth in Latvia than the other countries.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 22835.
Date of creation: 15 Feb 2010
Date of revision:
Social Capital; Institution; Culture;
Find related papers by JEL classification:
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
- P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
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