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Understanding and Measuring the Role of Investors' Social Capital Level in the Development Process: A Case Study from Turkey

Author

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  • Bahar Burtan Dogan

    (University of Dicle, Faculty of Economics and Administrative Sciences. Diyarbak r, Turkey)

Abstract

Social capital plays a crucial role in the development processes of every country. Diyarbak r, a metropolitan city in Turkey, and her hinterland had always been and still is one of the most developed centers of Anatolia and Middle East. But the city is experiencing a continual relapse more than a century, despite the unique social capital inheritance. Within this context, a survey was prepared to probe this issue from a different perspective and was conducted to a group comprising the city's main 500 investors for identifying their actual social capital level. Multiple Regression Analysis was implemented to the questionnaire data ranged within Likert scale. Results of the analysis indicated that an increase of 1 unit in networks, trust and norms variables led to an increase of 0,246089, 0,305418 and 0,448925 units in social capital respectively. This finding is contrary to the pre estimations, which envisaged norms to be the least effective factor among other components.

Suggested Citation

  • Bahar Burtan Dogan, 2013. "Understanding and Measuring the Role of Investors' Social Capital Level in the Development Process: A Case Study from Turkey," International Journal of Economics and Financial Issues, International Journal of Economics and Financial Issues, vol. 3(2), pages 386-408.
    • Handle: RePEc:eco:journ1:2013-02-12
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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