METHODOLOGICAL APPROACHES TO THE ANALYSIS OF SOCIAL CAPITAL AS AN ECONOMIC INSTITUTE AT MICRO-, MACRO-LEVELS AND ECONOMIC CONSEQUENCES OF SYNERGY OF COOPERATIVE INTERACTION

Authors

DOI:

https://doi.org/10.29038/2786-4618-2021-02-24-33

Keywords:

social capital, economic institute, economic development, synergy of cooperative interaction

Abstract

On the basis of the synthesized approach through a combination of institutional-evolutionary, behavioral methodology and synergetic approach the institutional nature of social capital is defined, which is constituted by informal (common values, rooted social norms and trust) and formal (network connections and models of social structure, its subinstitutions) role as a meta-institution, which is an effective mechanism for transforming the institutional architecture of economic systems and creating a favorable environment for the formation of new institutions and organizations that further define the goals, models, nature of economic development.

The methodological bases of the analysis of the institution of social capital have been improved through complex measurement of its components and their interrelation with dynamics of macroeconomic indicators (GDP, the structure of state budget expenditures, the volume of internal investments, etc.) and indicators of entrepreneurship development (number and dynamics of business entities creation, business sector structure, the level of capitalization and socialization of business), allowing to optimize the methodology for assessing the economic potential of the institution of social capital and develop recommendations to increase the economic return from its use as a resource of the national economy. The determinants that condition the specifics of the productive use of the economic potential of the social capital institution in the national economy in the context of global transformations are systematized. The factors of deformation of the social capital institution in the national economy are revealed, which is a consequence of the previous trajectory of development and leads to the transformation of social capital into a predominantly extractive institution.

References

1. Gricenko, A. (2008). Institucional'naja arhitektonika i dinamika jekonomicheskih preobrazovanij [Institutional architectonics and dynamics of economic transformation]. Kharkiv: Fort [in Russian].

2. Yelisieieva, L. (2019). Rol' sotsialnoho kapitalu v ekonomichnomu rozvytku [The role of social capital in economic development]. Kyiv: Institute for economics and forecasting National Academy of Sciences of Ukraine [in Ukrainian].

3. Kapeljushnikov, R. (1990). Ekonomicheskaja teorija prav sobstvennosti [Economic theory of property rights]. Moscow: IE AN SSSR [in Russian].

4. Kornai, Ja. (2002). Sistemnaja paradigma [Systemic paradigm]. Voprosy jekonomiki – Economic issues, (4). – P. 17–34 [in Russian].

5. Nel'son, P., Uinter, Dzh. (2002). Evoljucionnaja teorija jekonomicheskih izmenenij [Evolutionary theory of economic change]. Moscow: Delo [in Russian].

6. Nort, D. (1997). Instituty, institucional'nye izmenenija i funkcionirovanie jekonomiki [Institutions, Institutional Change and Economic Performance]. Moscow: Fond jekonomicheskoj knigi “Nachala” [in Russian].

7. Olson, M. (1995). Logika kollektivnyh dejstvij. Obshhestvennye blaga i teorija grup [The logic of collective action. Public goods and group theory]. Moscow: FEI [in Russian].

8. Rodzhers, E. (2009). Difuzіja іnnovacіj [Diffusion of innovations]. Kyiv: VD “Kievo-Mogiljans'ka akademіja” [in Ukrainian].

9. Stepanov, V. (2014). Postneklassicheskaja metodologija issledovanija socio-jekologo-jekonomicheskih processov [Post-classical methodology of research of socio-ecological-economic processes]. Naukovij vіsnik Mіzhnarodnogo gumanіtarnogo unіversitetu - Scientific Bulletin of the International Humanities University, (6). – P. 56–59 [in Russian].

10. Uil'jamson, O. (1996). Ekonomicheskie instituty kapitalizma [Economic institutions of capitalism]. Sankt-Peterburg: Lenizdat [in Russian].

11. Hiks, Dzh. (2003). Teorija ekonomicheskoj istorii [Theory of economic history]. Moscow: NP “Zhurnal Voprosy ekonomiki” [in Russian].

12. Shumpeter, J. (1995). Kapіtalіzm, socіalіzm і demokratіja [Capitalism, socialism and democracy]. Kyiv: Osnovi [in Ukrainian].

13. Shumpeter, J. (2011). Teorіja ekonomіchnogo rozvitku: doslіdzhennja pributkіv, kapіtalu, kreditu, vіdsotka ta ekonomіchnogo ciklu [Theory of economic development: the study of profits, capital, credit, interest and the economic cycle]. Kyiv: VD “Kiєvo-Mogiljans'ka akademіja” [in Ukrainian].

14. El'ster, Ju. (1993). Social'nye normy i jekonomicheskaja teorija [Social norms and economic theory]. Thesis, (3). – P. 73–91 [in Russian].

15. Ahn, T., Ostrom, E. (2007). Social capital and collective action. The Handbook of Social Capital. Oxford: Oxford University Press [in English].

16. Etzioni, A. (2000). Social Norms: Internalization, Persuasion and History. Law and Society Review? (34). – P. 157–178 [in English].

17. Kurzban, R., De Scioli, P. (2013). Adaptationist punishment in humans. Journal of Bioeconomics. February. – P. 110–124 [in English].

Published

2021-06-30

How to Cite

[1]
2021. METHODOLOGICAL APPROACHES TO THE ANALYSIS OF SOCIAL CAPITAL AS AN ECONOMIC INSTITUTE AT MICRO-, MACRO-LEVELS AND ECONOMIC CONSEQUENCES OF SYNERGY OF COOPERATIVE INTERACTION. Economic journal of Lesya Ukrainka Volyn National University. 2, 26 (Jun. 2021), 24–33. DOI:https://doi.org/10.29038/2786-4618-2021-02-24-33.