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Effect Of Macro-Level Social Capital On Sustainable Economic Development
The paper analyses the impact of macro-level social capital on economic development in 34 European countries. The authors use principal component analysis to group initially selected social determinants of economic development into three components (human and social capital, income equality, and redistribution), which altogether described 64.4 percent of the variation of the initial variables.
Link
http://econpapers.repec.org/scripts/redir.pl?u=http%3A%2F%2Finfutik.mtk.ut.ee%2Fwww%2Fkodu%2FRePEc%2Fmtk%2Ffebpdf%2Ffebawb42.pdf;h=repec:mtk:febawb:42