The Dynamics and Determinants of Social Capital in the European Union and Neighbouring Countries

Discussions on Estonian economic policy: Theory and practice of economic policy in the European Union, 2013, No.1

19 Pages Posted: 5 Oct 2013

See all articles by Eve Parts

Eve Parts

University of Tartu - Faculty of Economics and Business Administration

Date Written: March 4, 2013

Abstract

This empirical study investigates the dynamics and the determinants of social capital in Europe over the period 1990-2008, using empirical data from EVS. Methodologically, factor analysis and regression analysis are implemented. The analysis covers 20 Western-European countries, 10 new member states and 15 EU neighbouring countries. Comparison of the levels of social capital showed that, with few exceptions, the levels of social capital are lower in Eastern Europe as compared to the old member states in Western Europe. Regression results of the determinants of social capital showed that most influential factors of social capital are education and satisfaction with democracy. It follows that investments in educational system and improving democratization processes could increase the level of social capital as an important factor of economic development.

Keywords: Social capital, Europe, old and new member states, neighbouring countries

JEL Classification: A13, O52, P20, Z13

Suggested Citation

Parts, Eve, The Dynamics and Determinants of Social Capital in the European Union and Neighbouring Countries (March 4, 2013). Discussions on Estonian economic policy: Theory and practice of economic policy in the European Union, 2013, No.1 , Available at SSRN: https://ssrn.com/abstract=2336016 or http://dx.doi.org/10.2139/ssrn.2336016

Eve Parts (Contact Author)

University of Tartu - Faculty of Economics and Business Administration ( email )

Narva Rd. 4-A214
Tartu 51009, 51009
Estonia

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