Social capital: Evaluating its roles in competitiveness and ensuring human development
Halyna Mishchuk, Yuriy Bilan, Armenia Androniceanu, Vita Krol
Keywords:
social capital, cluster analysis, index of social capital, competitiveness, global
sustainability competitiveness index
Abstract:
This contribution identifies the features of social capital (SC) development and its relationship
with competitiveness based on a two-tier analysis: (1) the relationship of SC with key indicators
of competitiveness and human development at the macroeconomic level; (2) the impact of
social capital components on financial and non-financial indicators of enterprise
competitiveness. The peculiarities of social capital development are revealed using the
statistical data of 171 countries, in particular, the value of the social capital sub-index as a
constituent of the global sustainability competitiveness index from 2014 to 2020. The
differences in social capital development are determined via a cluster analysis performed by
means of the software STATISTICA 10.0. As a result, it was uncovered that world countries
are highly heterogeneous at the level of social capital development, and the differences, which
narrowed slightly in 2017-2019, showed an increase again in 2020. The identified cluster
countries, where SC development is the highest, are also among the leaders in terms of
competitiveness and human development. Regarding the impact of social capital on
competitiveness growth at an enterprise, we found out that it is influenced mainly by the
development of relational and cognitive social capital. These findings were obtained as a result
of our own survey conducted on a representative sample of enterprise owners and managerial
staff in December 2020 – March 2021.
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 Social capital: Evaluating its roles in competitiveness and ensuring human development [PDF file] [Filesize: 566.18 KB]
 10.7441/joc.2023.02.01
Mishchuk, H., Bilan, Y., Androniceanu, A. & Krol, V. (2023). Social capital: Evaluating its roles in competitiveness and ensuring human
development. Journal of Competitiveness, 15(2), 1-17. https://doi.org/10.7441/joc.2023.02.01
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