The Social Capital And Endogenous Economic Growth In China

In 1776,Adam Smith published a masterpiece called The Wealth of Nations,which made the economics as an independent subject.Since then,economic growth has been one of the most important and fundamental fields in economics,especially in modern macroeconomics.This field attracts many economists to devote themselves to the research with its unique charm.With the deepening of the research,economists have become more and more insightful and began to explore the deep-seated reasons for economic growth from new perspectives.Under this background,more and more researchers begin to study the influence of social capital on economic growth.The introduction part of this thesis,combing and summarized the relevant literature on social capital and economic growth,provides a solid foundation for the further research.We explored the social capital's concept,classification and characteristics in the second chapter,and we also analyzed the important role of social capital.In the third chapter,we modified the model of endogenous growth with social capital and showed its effect in mathematical way.In the fourth chapter,we analyzed the effect of social capital on economic growth by the method of time series analysis.The results show that although social capital can promote economic growth less than physical capital and labor force,when the level of social capital increases by 1%,the output increases by 0.262%.In the fifth chapter,the author put forward some policy suggestions and hoped that they can improve the level of social capital in China,thereby promoting the economic development.