The Impact of Social Collaboration on Economic Growth

Nowadays there is another producing element beside the human, financial and economic capitals, named social capital, which is an aspect of social cooperation. This concept refers to connections and communications of members of a network as a valuable source which cause achievement of goals by creating norms and mutual trust. The governments need the cooperation of public, specially the elites, in execution of economic plans because the cooperation of elites and economic brokers in execution of economic policies of the government shall facilitate the achievement of goals and the feedbacks of the elites to the economic plans of the government may amend the weak points of the government plans and increase the efficiency of the performance of the government. On the other hand the trust of the people to the government may increase their partnership in execution of government plans and political support from the government in such a way that the government may perform its economic, political and social plans more effectively in case of partnership and cooperation of people.
the main objective of this paper is analyzing the effect of social cooperation on economic growth in selected middle income countries.
The results of the model using fixed effects and Generalized Method of Moments in selected countries in the 2013-1994 shows that the social cooperation has a positive and significant effect on economic growth in selected countries.