Research On The Influence Of Social Capital On The Development Of Regional Economy

In recent years,with the continuous expansion of regional economic differences,the influence of social capital on the economy has attracted more and more attention from all walks of life.Influence of the regional resource endowments and geographical conditions of economic development greatly,but the ideas,traditional customs and other social capital associated with this difference is caused by differences in regional economic development is an important reason,in the study of China's economic growth and exploration process,analysis of the traditional capital has can not fully explain the present economic development situation,so from the perspective of social capital to explain China's regional economic development situation,role in regional economic development of social capital research,for the coordination of regional economic development,maintain the sustained and healthy economic development,has important theoretical and practical significance.First,review on the base of analyzing existing literature at home and abroad,the theoretical analysis of the structure,function and social capital formation and promotion mechanism,and respectively discussed the mechanism of the influence of the social capital theory on regional economic growth,total factor productivity,industrial structure adjustment and regional economic sustainable development.Social capital refers to the state and characteristics of the close connection between social subjects(including individuals,groups and societies),and their forms of expression include social trust,social networks and social norms.The impact of social capital on regional economic growth is mainly embodied in four aspects: physical capital,human capital,technological progress and institutional optimization.The impact of social capital on total factor productivity is mainly reflected in the two aspects of technological progress and efficiency improvement.The influence of social capital on the adjustment of regional industrial structure is mainly realized through its influence on industrial agglomeration.The influence of social capital on the sustainable development of regional economy is mainly reflected in two aspects: first,to promote the substitution of material capital for environmental capital;two,to optimize the input structure of human capital and material capital.Secondly,the index system is designed from three aspects of social trust,social network and social norm,and the entropy method is used to measure the regional social capital.Based on the measurement results,we make a comparison of time and space and structural analysis of social capital,and explore the problems of regional social capital in china.2005-2015 years,China's social capital showed a rising trend,and the regional imbalance of social capital is significant,showing a ladder distribution from east to west.Social trust,social networks and social norms show a relatively close trend and spatial distribution.Of course,the social capital of our country also has some problems such as unbalanced increase,the impact of macroeconomic environment and the lack of social capital under the system restriction.Thirdly,using mixed effects,random MLE,FGLS,fixed effects and random systems such as GMM method,empirical analysis and path of regional and structural differences in social capital impact on regional economic growth,total factor productivity,industrial structure adjustment and regional economic sustainable development.The results show that social capital is positive influence on regional economic growth,the impact of the Midwest is more significant,more significant social network direct effect on regional economic growth,social trust and social norms is the main function of the indirect.The impact of social capital on regional total factor productivity is positive,in which the impact of the eastern region is more significant,and the impact mechanism is mainly achieved through the expansion of social networks and the promotion of social norms.The path of the impact of social capital on regional industrial structure level is U,the influence of the eastern region is more significant;the influence path of social capital on the rationalization of industrial structure is the inverted U type,of which the central and western regions is more significant.The influence of social capital on the sustainable development of regional economy is positive,the effect of the central and western regions is more significant;more significant effect in the eastern region of social norms,and the effect of social network in the Midwest is more significant.Finally,based on the existing research conclusions,this paper puts forward some specific policy recommendations.In promoting regional economic growth,we should mobilize the market participants to participate in the social network from the micro and macro level,and play the role of social trust and social norms according to the characteristics of regional heterogeneity.In the aspect of promoting total factor productivity,the author puts forward the strategies of optimizing social capital cultivation from two macro and micro paths respectively.In the aspect of optimizing industrial structure adjustment,the measures of social capital cultivation are put forward from two angles of structure effect and regional heterogeneity.In promoting the sustainable development of regional economy,we should actively carry out the transformation and innovation of social capital.