The effect of social (and spiritual & religious) capitals on economic growth and development

Authors

PH.D. Student in Imam Sadiq University

Abstract

In this paper, first, social (and spiritual & religious) capitals are
discussed and explain their concepts; introduce components and the
type of relationship exists between them. Then, the effect of social
(and spiritual & religious) capitals on economic growth and
development is determined and demonstrate the most important
mechanisms of this effectiveness. At last, this paper includes the most
conclusive mechanisms as: reducing inequality and alleviating
poverty, increasing the effectiveness of market, encouraging
economic growth, reducing costs, increasing efficiency of other
capitals, creating economic institutions and organizations and
improving their operations, expanding financial markets and
encouraging investments, increasing full employment, conducting
more transactions, fostering innovations and improving technology.

Keywords