Analysis On The Conduction Mechanism Of Social Capital Promoting Regional Economic Growth

Economic growth is the core of the social economic affairs,which has always been the focus of attention of economic theoretical researchers.but with the rapid development of economy,many economic growth problems are difficult to explain with the existing economic theory.The rise of social capital theory is a new attempt to explain the problem of economic growth,Studies show that social capital has a strong explanatory power for the problem of economic growth.Therefore,to clarify the conduction mechanism of social capital promoting regional economic growth is the core issue in the study of social capital.As a necessary intermediate conversion elements,social capital promote regional economic growth through the physical capital accumulation,human capital accumulation and technological innovation.In this paper,we mainly prove the existence of the conduction path that the social capital promotes regional economic growth,tests the conduction intensity of the conduction path,and compare the elastic performance that different dimensions of social capital promotes regional economic growth.This paper include five chapters.Firstly,on the bases of domestic and foreign literature about the research status of social capital and the relationship between economic growth and social capital,this paper make a literature review about the definition methods and the relationships between social capital and economic growth;then analyzing the conduction mechanism of social capital promoting regional economic growth through material capital,human capital and technological innovation in theory.Next,prove the existence and effectiveness of the conduction path by the data of 10 years from 2004 to 2013.Specifically,prove that the social capital promotes regional economic growth through structural equation model(SEM),namely social capital promotes regional economic growth.by promoting the accumulation of physical capital,human capital accumulation and technological innovation,then test the effectiveness of conduction path by estimating the conduction intensity,and prove the conduction intensity is measurable and comparable that different dimensions of social capital promoting regional economic growth.Finally,giving the policy recommendations according to the results of the study.The main conclusions are as follows:Firstly,conduction path exists.Structure,relational and cognitive social capital could promote regional economic growth through elements accumulation such as physical capital,human capital and technological innovation capability.Further,Structural social capital and relational social capital have a complete intermediary effect on the regional economic growth,and the cognitive social capital has a partial mediating effect on the regional economic growth.Therefore,the conduction path that social capital promotes regional economic growt.by promoting the accumulation of physical capital,human capital accumulation and technological innovation exists.Secondly,conduction intensity is measurable.Econometric model results show that the elasticity coefficient of physical capital accumulation,human capital accumulation,technological innovation capability variables on social capital and economic growth variables on physical capital accumulation,human capital accumulation,technological innovation capability variables are significantly positive,therefore,the conduction intensity of conduction paths "social capital?physical capital accumulation(human capital accumulation,technological innovation)"?"physical capital accumulation(human capital accumulation,technological innovation)?economic growth" are measurable,that is to say,the conduction intensity of conduction path that social capital promoting regional economic growth.Thirdly,the elastic performance is comparable.This paper mainly compare the elastic performance from two aspects,One is the elasticity performance that different dimensions of social capital based on the same conduction path to promote regional economic growth.Results show that,for physical capital,human capital,technology innovation three conduction paths,elastic performance of relational social capital maximum,structure type social capital secondly,cognitive social capital minimum.The second is,the elasticity performance that the same dimension of social capital to promote regional economic growth based on different conduction paths.The results show that in the process of regional economic growth,order of preference for the conduction path is:human capital>physical capital>technology innovation.This paper researched the conduction mechanism that the social capital promotes regional economic growth,tested the existence by SEM and effectiveness of conduction path by constructing econometric model,and compared the elasticity performance of social capital,put forward suggestions to promote the long-term steady growth of regional economy,for optimize the social capital and promote regional economic growth has a guiding role.