Economic Themes (2008) 46 (1) 7, 77-94
Marija Džunić
Abstract: The affirmation of the concept of social capital in economic sciense is a consequence of realising that it can be used to explain certain differences in economic performance of different countries. In that sense, social capital is mostly percieved as social infrastructure, which can produce various effects on economic growth by influencing the accumulation or total productivity of classic production inputs, through reducing tranasction costs and intensifying economic transacting.
Keywords: socijal capital; economic growth; trust; social norms; cooperation
THE POSSIBILITIES OF INCORPORATING SOCIAL CAPITAL INTO ECONOMIC MODELS
Marija Džunić
Abstract: The affirmation of the concept of social capital in economic sciense is a consequence of realising that it can be used to explain certain differences in economic performance of different countries. In that sense, social capital is mostly percieved as social infrastructure, which can produce various effects on economic growth by influencing the accumulation or total productivity of classic production inputs, through reducing tranasction costs and intensifying economic transacting.
Keywords: socijal capital; economic growth; trust; social norms; cooperation
