2016Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)Open access

Interrelationships between Social and human Capital, and Economic Growth

Soumyananda Dinda

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Abstract

This study focuses on economic growth and explains the interaction mechanism of economic agents and their relations. This paper highlights human capital and its social aspects. It also shows some critical aspect in the process of economic growth through interaction of socio- economic factors, which are considered as investment for creation of human capital. This investment includes cost of time and effort, which actually build up social fabric and human knowledge and health capital, which in turn creates economic growth. Root of economic growth actually depends on human capital under social relations.

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What this paper is about

This study focuses on economic growth and explains the interaction mechanism of economic agents and their relations. This paper highlights human capital and its social aspects. It also shows some critical aspect in the process of economic growth through interaction of socio- economic factors, which are considered as investment for creation of human capital. This investment includes cost of time and effort, which actually build up social fabric and human knowledge and health capital, which in turn creates economic growth. Root of economic growth actually depends on human capital under social relations.

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Available abstract

This study focuses on economic growth and explains the interaction mechanism of economic agents and their relations. This paper highlights human capital and its social aspects. It also shows some critical aspect in the process of economic growth through interaction of socio- economic factors, which are considered as investment for creation of human capital. This investment includes cost of time and effort, which actually build up social fabric and human knowledge and health capital, which in turn creates economic growth. Root of economic growth actually depends on human capital under social relations.

Key concepts: Human capital, Investment (military), Capital deepening, Economic capital, Physical capital, Economics, Economic system, Social capital

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