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War, Inflation, and Social Capital

Author

Listed:
  • Sergei Guriev

    (D├ępartement d'├ęconomie)

  • Nikita Melnikov

    (Higher School of Economics (HSE))

Abstract

We use weekly data from 79 Russian regions to measure the impact of economic shocks and proximity to war in Ukraine on social capital in Russian regions. We proxy social capital by the relative intensity of internet searches for the most salient dimensions of pro-social behavior such as "donate blood", "charity", "adopt a child" etc. This measure of social capital is correlated with a survey-based measure of generalized social trust. Our search-based measure of social capital responds negatively to the spikes of inflation and positively to the intensity of the conflict in Ukraine (controlling for region and week fixed effects).

Suggested Citation

  • Sergei Guriev & Nikita Melnikov, 2016. "War, Inflation, and Social Capital," Sciences Po publications info:hdl:2441/4mupcmg7bt8, Sciences Po.
  • Handle: RePEc:spo:wpmain:info:hdl:2441/4mupcmg7bt8iv8k3lhvbqr8p51
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    Citations

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    Cited by:

    1. Argentiero, Amedeo & Cerqueti, Roy & Sabatini, Fabio, 2018. "Does social capital explain the Solow residual? A DSGE approach," MPRA Paper 87100, University Library of Munich, Germany.
    2. Lidwina Gundacker & Jarko Fidrmuc, 2017. "Oligarchs and social capital in Russian regions: a quantitative assessment," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 44(3), pages 509-527, August.
    3. Gokmen, Gunes & Yakovlev, Evgeny, 2018. "War and well-being in transition: Evidence from two natural experiments," Journal of Comparative Economics, Elsevier, vol. 46(3), pages 788-799.
    4. Shteryo Nozharov, 2019. "Hybrid Threats As An Exogenous Economic Shock," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 4 Year 20, pages 21-29.
    5. Osiichuk, Maryna & Shepotylo, Oleksandr, 2020. "Conflict and well-being of civilians: The case of the Russian-Ukrainian hybrid war," Economic Systems, Elsevier, vol. 44(1).
    6. Andrea Geraci & Mattia Nardotto & Tommaso Reggiani & Fabio Sabatini, 2018. "Broadband Internet and Social Capital," MUNI ECON Working Papers 2018-01, Masaryk University, revised Dec 2018.

    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • P25 - Economic Systems - - Socialist Systems and Transition Economies - - - Urban, Rural, and Regional Economics
    • P36 - Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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