IDEAS home Printed from https://ideas.repec.org/a/ibn/ibrjnl/v10y2017i3p169-182.html
   My bibliography  Save this article

Significance of Social Capital in Socio-economic Development of Bosnia and Herzegovina

Author

Listed:
  • Zlatan Delić
  • Hariz Šarić
  • Nedim Osmanović

Abstract

Social capital is used in interdisciplinary research as an analytical tool for explaining how culture, trust, and cooperation between people may be put into a function of general good, economic development and society in general. The objective of this paper consists of identification and analysis of status in the field of groups and networks, trust and solidarity, collective action and cooperation, information and communication, social cohesion and inclusion, and empowerment and political action, as key dimensions of social capital, and all in the context of overview of its significance in socio-economic development of Bosnia and Herzegovina. For the purpose of implementation of the named aim, a secondary and primary research has been conducted (by surveying 100 members of the top management teams in Bosnian and Herzegovinian SMEs). The research results show a relatively unsatisfactory status in the area of observed dimensions of social capital in Bosnia and Herzegovina, and the decision makers and creators of socio-economic policies should put in a more significant effort in the area of development of social capital which has a significant potential in the context of incitement of socio-economic development.

Suggested Citation

  • Zlatan Delić & Hariz Šarić & Nedim Osmanović, 2017. "Significance of Social Capital in Socio-economic Development of Bosnia and Herzegovina," International Business Research, Canadian Center of Science and Education, vol. 10(3), pages 169-182, March.
    • Handle: RePEc:ibn:ibrjnl:v:10:y:2017:i:3:p:169-182
    as

    Download full text from publisher

    File URL: http://www.ccsenet.org/journal/index.php/ibr/article/view/66402/36097
    Download Restriction: no
    File URL: http://www.ccsenet.org/journal/index.php/ibr/article/view/66402
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fidrmuc, Jan & Gërxhani, Klarita, 2008. "Mind the gap! Social capital, East and West," Journal of Comparative Economics, Elsevier, vol. 36(2), pages 264-286, June.
    2. Stephen Knowles, 2006. "Is Social Capital Part of the Institutions Continuum and is it a Deep Determinant of Development?," WIDER Working Paper Series RP2006-25, World Institute for Development Economic Research (UNU-WIDER).
    3. Marcel Fafchamps, 2004. "Social Capital and Development," Economics Series Working Papers 214, University of Oxford, Department of Economics.
    4. Akçomak, I. Semih & ter Weel, Bas, 2009. "Social capital, innovation and growth: Evidence from Europe," European Economic Review, Elsevier, vol. 53(5), pages 544-567, July.
    5. Stephen Knowles, 2005. "Inequality and Economic Growth: The Empirical Relationship Reconsidered in the Light of Comparable Data," Journal of Development Studies, Taylor & Francis Journals, vol. 41(1), pages 135-159.
    6. Gerrit Rooks & Adam Szirmai & Arthur Sserwanga, 2009. "Interplay of Human and Social Capital in Entrepreneurship in Developing Countries: The Case of Uganda," WIDER Working Paper Series RP2009-09, World Institute for Development Economic Research (UNU-WIDER).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gareth D. Leeves, 2014. "Increasing returns to education and the impact on social capital," Education Economics, Taylor & Francis Journals, vol. 22(5), pages 449-470, October.
    2. Forte, Anabel & Peiró-Palomino, Jesús & Tortosa-Ausina, Emili, 2015. "Does social capital matter for European regional growth?," European Economic Review, Elsevier, vol. 77(C), pages 47-64.
    3. Jesús Peiró-Palomino, 2016. "Social Capital and Economic Growth in Europe: Nonlinear Trends and Heterogeneous Regional Effects," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(5), pages 717-751, October.
    4. Hvižďáková Ivana & Urbančíková Nataša, 2014. "The Level of Social Capital, Innovation and Competitiveness in the Countries of the European Union (EU)," European Spatial Research and Policy, Sciendo, vol. 21(1), pages 1-14, May.
    5. Jonathan Muringani & Rune Dahl Fitjar & Andres Rodriguez-Pose, 2024. "Political trust and economic development in European regions," Papers in Evolutionary Economic Geography (PEEG) 2435, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2024.
    6. Xindong Xue & W. Robert Reed & Robbie C.M. van Aert, 2022. "Social Capital and Economic Growth: A Meta-Analysis," Working Papers in Economics 22/20, University of Canterbury, Department of Economics and Finance.
    7. Hilber, Christian A.L., 2010. "New housing supply and the dilution of social capital," Journal of Urban Economics, Elsevier, vol. 67(3), pages 419-437, May.
    8. Oasis Kodila-Tedika & Julius Agbor, 2016. "Does Trust Matter for Entrepreneurship: Evidence from a Cross-Section of Countries," Economies, MDPI, vol. 4(1), pages 1-17, March.
    9. Nikolova, Milena & Roman, Monica & Zimmermann, Klaus F., 2017. "Left behind but doing good? Civic engagement in two post-socialist countries," Journal of Comparative Economics, Elsevier, vol. 45(3), pages 658-684.
    10. Ernest Miguelez & Rosina Moreno, 2017. "Networks, Diffusion of Knowledge, and Regional Innovative Performance," International Regional Science Review, , vol. 40(4), pages 331-336, July.
    11. Svenja Flechtner & Claudius Gräbner, 2019. "The heterogeneous relationship between income and inequality: a panel co-integration approach," Economics Bulletin, AccessEcon, vol. 39(4), pages 2540-2549.
    12. Hans-Jürgen Engelbrecht, 2015. "A General Model of the Innovation - Subjective Well-Being Nexus," Economic Complexity and Evolution, in: Andreas Pyka & John Foster (ed.), The Evolution of Economic and Innovation Systems, edition 127, pages 69-90, Springer.
    13. Roberto Antonietti & Ron Boschma, 2021. "Social capital, resilience, and regional diversification in Italy [Social capital, innovation and growth: evidence from Europe]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(3), pages 762-777.
    14. de Rassenfosse, Gaétan & Schoen, Anja & Wastyn, Annelies, 2014. "Selection bias in innovation studies: A simple test," Technological Forecasting and Social Change, Elsevier, vol. 81(C), pages 287-299.
    15. Shenglan Huang & Zhi Chen, 2017. "The Effects of Social Capital on Innovation Performance: From Complex Adaptive System Perspective," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(3), pages 191-191, February.
    16. Niclas Berggren & Mikael Elinder, 2012. "Is tolerance good or bad for growth?," Public Choice, Springer, vol. 150(1), pages 283-308, January.
    17. Asif Khan & Chih-Cheng Chen & Kwanrat Suanpong & Athapol Ruangkanjanases & Santhaya Kittikowit & Shih-Chih Chen, 2021. "The Impact of CSR on Sustainable Innovation Ambidexterity: The Mediating Role of Sustainable Supply Chain Management and Second-Order Social Capital," Sustainability, MDPI, vol. 13(21), pages 1-25, November.
    18. Konstantinos Matakos & Dimitrios Minos & Ari Perdana & Elizabeth Radin, 2022. "“Dragon boating” alone? Community ties and systemic income shocks," Journal of International Development, John Wiley & Sons, Ltd., vol. 34(1), pages 55-81, January.
    19. Kostakis, Ioannis & Lolos, Sarantis & Doulgeraki, Charikleia, 2020. "Cultural Heritage led Growth: Regional evidence from Greece (1998-2016)," MPRA Paper 98443, University Library of Munich, Germany.
    20. Dorota Ciołek & Anna Golejewska & Adriana Zabłocka‐Abi Yaghi, 2022. "Innovation drivers in regions. Does urbanization matter?," Growth and Change, Wiley Blackwell, vol. 53(4), pages 1933-1960, December.

    More about this item

    Keywords

    social capital; socio-economic development; Bosnia and Herzegovina;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • Z10 - Other Special Topics - - Cultural Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:ibrjnl:v:10:y:2017:i:3:p:169-182. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.