Regional Social Capital and Economic Growth: Exploratory Evidence from Testing the Virtuous Spiral vs. Vicious Cycle Model for Greece

Daskalopoulou, Irene; Karakitsiou, Athanasia

doi:10.3390/su12156037

Cited by 6 publications

(5 citation statements)

References 94 publications

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“…Entrepreneurs with strong social capital can access support networks that can help them overcome challenges and obstacles. For example, they may be able to get emotional support from friends and family who understand the stresses of entrepreneurship, or they may be able to get practical support from mentors or business partners who can help them navigate complex business issues (Daskalopoulou, 2020).…”

Section: Social Capital and Entrepreneurshipmentioning

confidence: 99%

Social Capital, Financial Capital, and Entrepreneurial Orientation: Keys to Performance in Indonesia’s MSME Clothing Industry

Oswari,

Judijanto,

Destiana

2023

IJBLE

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This paper embarks on an exciting journey through Indonesia's Micro, Small, and Medium Enterprises (MSME) clothing industry, unraveling the intricate tapestry of social capital, financial resources, and entrepreneurial orientation as the catalysts for success. Brace yourself for a captivating exploration of how these factors weave together to elevate the performance of businesses in this dynamic industry. Our research, based on an extensive and vibrant dataset, has yielded results that are nothing short of captivating. With all hypotheses embraced and accepted, our findings spotlight the undeniable synergy between social connections, financial backing, and entrepreneurial spirit in the realm of MSME clothing enterprises in Indonesia. These intertwined elements emerge as the warp and weft of the industry's success story. This research isn't just informative; it's a game-changer. It offers a treasure trove of insights for policymakers, industry enthusiasts, and budding entrepreneurs. It confirms that nurturing relationships, enhancing access to financial resources, and instilling a fearless entrepreneurial mindset are the keys to unlocking the full potential of Indonesia's thriving MSME clothing industry.

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Section: Social Capital and Entrepreneurshipmentioning

confidence: 99%

Social Capital, Financial Capital, and Entrepreneurial Orientation: Keys to Performance in Indonesia’s MSME Clothing Industry

Oswari,

Judijanto,

Destiana

2023

IJBLE

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“…From the perspective of social capital and economic growth, Daskalopoulou and Karakitsiou (2020) posited that social capital can considerably promote economic growth. Thompson (2018) reported that the process occurs mainly through the improvement of knowledge production and high-level innovation.…”

Section: Literature Reviewmentioning

confidence: 99%

Realization path of social capital “exit from virtual to real”: evidence from China

Wan

et al. 2022

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PurposeHow to realize social capital “exit from virtual to real” has become not only a hot issue that elicited economists' and the practice field's concern but also a key economic structure problem that the government has to solve urgently. The main purpose of this study is to explore effective methods for social capital to “exit from virtual to real”.Design/methodology/approachThe study investigates the realization path of social capital's “exit from virtual to real” by using firm theory and data from the National Bureau of Statistics in China. Provincial panel data are also utilized to empirically test the impact of social capital's de-realization to virtual (or from virtual to real) on economic development and whether the path of social capital “from virtual to real” is valid.FindingsThis study analyzes the development status of social funds serving the real economy and the hazards of social funds' “exit from real to virtual,” which are mainly viewed as eroding the development of the real economy and causing operating difficulties. On the basis of firm theory, the internal motivation for why social funds flow to the real economy is explored from the perspectives of the needs of the real economy, price and profit. Moreover, this study designs a path for returning social capital to the real economy.Practical implicationsOverall, expanding aggregate demand while providing an effective supply and implementing a proactive fiscal policy that focuses on structural tax cuts while keeping margins in the virtual economy are appropriate for promoting the competitiveness of the real economy.Originality/valueThis study explores a topic, namely, social capital “exit from virtual to real,” that has received little attention. It provides an in-depth discussion of the following questions. (1) What is the current situation of social capital serving the real economy? (2) What kind of harm can social capital bring to society? What are the inherent barriers to the flow of social capital to the real economy? (3) At this stage, how can the effective transformation of social capital into the real economy be realized? The findings help in understanding the sustainable entrepreneurship concept, particularly in developing countries.

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“…Social capital is widely acknowledged as a complex influence that helps society in achieving its desired level of economic growth. Social capital is a productive resource that can boost economic growth and welfare, and it is influenced by social capital elements (Daskalopoulou, 2020). Individually owned social capital is used not only for the benefit of individuals and communities, but it is also very important for the economy on a macro level.…”

Section: Introductionmentioning

confidence: 99%

A Review of the Literature on the Role of Social Capital in Tourism Growth

Rahmi¹

2021

jefms

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To improve people's welfare, economic growth has always focused on the development of the secondary sector. The secondary sector, on the other hand, has not fully provided for the community's needs. This is due to the community's current social capital being underutilized. One of the main drivers of tourism development is social capital. Social capital is a driving force at various stages and is regarded as an important mechanism in the success of tourism planning and development. It can also be used to encourage tourism development in urban areas in order to create sustainable tourism. Social capital is the capacity to understand how a community builds, understands, and participates in tourism growth. Communities with high social capital can present better conditions for tourism growth, and community development focus on tourism can be an important element in the regional economy's continuity and growth. The development of social capital studies in tourism growth should be visualized for a more subjective analysis. In order to collect data in this study, PoP software was in use. The existing database is then processed with the VOS Viewer software. This software collects and analyzes all of the keywords in the abstract one by one. VOS Viewer identified some of the most frequently discussed keywords in 53 journals related to social capital in tourism, including tourism, tourism development, relationship, and social capital.

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Regional Social Capital and Economic Growth: Exploratory Evidence from Testing the Virtuous Spiral vs. Vicious Cycle Model for Greece

Cited by 6 publications

References 94 publications

Social Capital, Financial Capital, and Entrepreneurial Orientation: Keys to Performance in Indonesia’s MSME Clothing Industry

Social Capital, Financial Capital, and Entrepreneurial Orientation: Keys to Performance in Indonesia’s MSME Clothing Industry

Realization path of social capital “exit from virtual to real”: evidence from China

A Review of the Literature on the Role of Social Capital in Tourism Growth

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