Network-Based Driving Force of National Economic Development: A Social Capital Perspective
Network science has been widely applied in theoretical and empirical studies of global value chain (GVC), and many related articles have emerged, forming many more mature and complete analytical frameworks. Among them, the GVC accounting method based on complex network theory is different from the m...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-09-01
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| Series: | Entropy |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1099-4300/23/10/1276 |
| _version_ | 1797514645127299072 |
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| author | Lizhi Xing Xi Ai Jiaqi Ren Dawei Wang |
| author_facet | Lizhi Xing Xi Ai Jiaqi Ren Dawei Wang |
| author_sort | Lizhi Xing |
| collection | DOAJ |
| description | Network science has been widely applied in theoretical and empirical studies of global value chain (GVC), and many related articles have emerged, forming many more mature and complete analytical frameworks. Among them, the GVC accounting method based on complex network theory is different from the mainstream economics in both research angle and content. In this paper, we build up global industrial value chain network (GIVCN) models based on World Input–Output Database, introduce the theoretical framework of Social Capital, and define the network-based indicators with economic meanings. Second, we follow the econometric framework to analyze the hypothesis and test whether it is true. Finally, we study how the three types of capital constituted by these indicators interact with each other, and discuss their impact on the social capital (economic development level, i.e., GDP). The results prove that the structural capital (industrial status) has a positive impact on the social capital; the relational capital (industrial correlation) has a positive impact on both social capital and structural capital; the cognitive capital (industrial structure) has a small impact on the social capital, structural capital, and relational capital. |
| first_indexed | 2024-03-10T06:34:31Z |
| format | Article |
| id | doaj.art-46f36a06d8b84ecc8d5cb2cd9ed7ec29 |
| institution | Directory Open Access Journal |
| issn | 1099-4300 |
| language | English |
| last_indexed | 2024-03-10T06:34:31Z |
| publishDate | 2021-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Entropy |
| spelling | doaj.art-46f36a06d8b84ecc8d5cb2cd9ed7ec292023-11-22T18:10:29ZengMDPI AGEntropy1099-43002021-09-012310127610.3390/e23101276Network-Based Driving Force of National Economic Development: A Social Capital PerspectiveLizhi Xing0Xi Ai1Jiaqi Ren2Dawei Wang3College of Economics & Management, Beijing University of Technology, Beijing 100124, ChinaCollege of Economics & Management, Beijing University of Technology, Beijing 100124, ChinaCollege of Economics & Management, Beijing University of Technology, Beijing 100124, ChinaCollege of Economics & Management, Beijing University of Technology, Beijing 100124, ChinaNetwork science has been widely applied in theoretical and empirical studies of global value chain (GVC), and many related articles have emerged, forming many more mature and complete analytical frameworks. Among them, the GVC accounting method based on complex network theory is different from the mainstream economics in both research angle and content. In this paper, we build up global industrial value chain network (GIVCN) models based on World Input–Output Database, introduce the theoretical framework of Social Capital, and define the network-based indicators with economic meanings. Second, we follow the econometric framework to analyze the hypothesis and test whether it is true. Finally, we study how the three types of capital constituted by these indicators interact with each other, and discuss their impact on the social capital (economic development level, i.e., GDP). The results prove that the structural capital (industrial status) has a positive impact on the social capital; the relational capital (industrial correlation) has a positive impact on both social capital and structural capital; the cognitive capital (industrial structure) has a small impact on the social capital, structural capital, and relational capital.https://www.mdpi.com/1099-4300/23/10/1276global value chaininter-country input-output tablecomplex network modelsocial capitalstructural equation model |
| spellingShingle | Lizhi Xing Xi Ai Jiaqi Ren Dawei Wang Network-Based Driving Force of National Economic Development: A Social Capital Perspective Entropy global value chain inter-country input-output table complex network model social capital structural equation model |
| title | Network-Based Driving Force of National Economic Development: A Social Capital Perspective |
| title_full | Network-Based Driving Force of National Economic Development: A Social Capital Perspective |
| title_fullStr | Network-Based Driving Force of National Economic Development: A Social Capital Perspective |
| title_full_unstemmed | Network-Based Driving Force of National Economic Development: A Social Capital Perspective |
| title_short | Network-Based Driving Force of National Economic Development: A Social Capital Perspective |
| title_sort | network based driving force of national economic development a social capital perspective |
| topic | global value chain inter-country input-output table complex network model social capital structural equation model |
| url | https://www.mdpi.com/1099-4300/23/10/1276 |
| work_keys_str_mv | AT lizhixing networkbaseddrivingforceofnationaleconomicdevelopmentasocialcapitalperspective AT xiai networkbaseddrivingforceofnationaleconomicdevelopmentasocialcapitalperspective AT jiaqiren networkbaseddrivingforceofnationaleconomicdevelopmentasocialcapitalperspective AT daweiwang networkbaseddrivingforceofnationaleconomicdevelopmentasocialcapitalperspective |