Determinants of Social Capital in Korea

Seoul Journal of Economics, Vol. 35, No. 2, 2022

20 Pages Posted:

See all articles by Donghun Joo

Donghun Joo

Hanyang University

Joonkyung Ha

Hanyang University; Hanyang University - Ansan Campus

Man-Soo Joo

affiliation not provided to SSRN

Date Written: May 31, 2022

Abstract

This study investigates the determinants of social capital in Korea
using the law compliance indicator as a measure of generalized
trust. Unlike other measures for social capital, the compliance
indicator has been compiled for each province in Korea. This novel
feature allows for better identification strategies than the countrylevel
data. With the panel data of 16 regions in Korea, we find that
in the demographic factors, such as gender and age structure,
the compliance indicator is low for males and the elderly. Among
variables for economic activity, unemployment rate and per capita
GRDP show statistically significant effects. Moreover, the causality
tests between the compliance indicator and economic activity show
bilateral directions as expected.

Keywords: Social capital, Trust, Compliance index, Law, Regions in Korea

JEL Classification: Z10, O53, K30

Suggested Citation

Joo, Donghun and Ha, Joonkyung and Ha, Joonkyung and Joo, Man-Soo, Determinants of Social Capital in Korea (May 31, 2022). Seoul Journal of Economics, Vol. 35, No. 2, 2022, Available at SSRN: https://ssrn.com/abstract=

Donghun Joo (Contact Author)

Hanyang University ( email )

Seoul
Korea, Republic of (South Korea)

Joonkyung Ha

Hanyang University ( email )

Ansan
Korea

Hanyang University - Ansan Campus ( email )

1271 Sa-1 dong
Ansan
Kyunggi-do, 425-791
KOREA

Man-Soo Joo

affiliation not provided to SSRN

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