Social Cohesion and Economic Growth: An Empirical Investigation

13 Pages Posted: 2 Dec 2015

See all articles by Zahid Pervaiz

Zahid Pervaiz

National College of Business Administration and Economics (NCBA&E)

Amatul R. Chaudhary

National College of Business Administration and Economics (NCBA&E)

Date Written: December 2015

Abstract

This study is an attempt to empirically investigate the effect of social cohesion on economic growth by using panel data for a large set of countries. We have used two different indices - Intergroup Cohesion and Membership of Clubs and Voluntary Associations - as a proxy for social cohesion. Our empirical findings suggest that different dimensions of social cohesion do not have the same kind of effect on economic growth. Intergroup Cohesion (bridging social capital) has a positive and significant effect, whereas Membership of Clubs and Voluntary Associations (bonding social capital) has a negative and significant relationship with economic growth.

Suggested Citation

Pervaiz, Zahid and Chaudhary, Amatul R., Social Cohesion and Economic Growth: An Empirical Investigation (December 2015). Australian Economic Review, Vol. 48, Issue 4, pp. 369-381, 2015, Available at SSRN: https://ssrn.com/abstract=2697854 or http://dx.doi.org/10.1111/1467-8462.12128

Zahid Pervaiz (Contact Author)

National College of Business Administration and Economics (NCBA&E) ( email )

40/E-1, Gulberg-III
National College of Business Administration & Econ
Lahore, Punjab
Pakistan

Amatul R. Chaudhary

National College of Business Administration and Economics (NCBA&E) ( email )

40/E-1, Gulberg-III
National College of Business Administration & Econ
Lahore, Punjab 54660
Pakistan

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