Interrelationships between Human Capital and Social Capital: Implications for Economic Development in Transition Economies

University of Tartu Economics and Business Working Paper No. 2003-24

36 Pages Posted: 18 Jan 2004

See all articles by Eve Parts

Eve Parts

University of Tartu - Faculty of Economics and Business Administration

Date Written: December 15, 2003

Abstract

One of the main tasks of the transition economies is to catch up with the advanced levels of highly developed economies. The lack of social capital is a major impediment to this process, as it does not allow taking dvantage of the comparatively high level of human capital in these ountries. The purpose of the current paper is to study the interrelationships between human capital and social capital, with the main emphasis on how social capital affects the accumulation of human capital. In general, social capital acts like a filter through which human and financial capital flow from the parents and the community to the child, producing better educational outcomes and thus helping to achieve better results in development.

Keywords: Human capital, social capital, economic development, transition economies

JEL Classification: O11

Suggested Citation

Parts, Eve, Interrelationships between Human Capital and Social Capital: Implications for Economic Development in Transition Economies (December 15, 2003). University of Tartu Economics and Business Working Paper No. 2003-24, Available at SSRN: https://ssrn.com/abstract=486946 or http://dx.doi.org/10.2139/ssrn.486946

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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