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Ethical Factors of Social Capital Increasing in Russia

Ethical Factors of Social Capital Increasing in Russia

Journal of Economic Regulation, , Vol. 7 (no. 2),

Authors’ definition of social capital as an institutional and ethical category, determined by the structure of moral and ethical features of economic agents is considered. It is shown that the level of social capital directly depends on the prevalence of such features of economic agents as honesty, fairness, responsibility, humanity, patriotism. Despite the fact that the level of social capital is currently evaluated through qualitative (personal, expert) methods, it is possible to identify its impact on specific economic indicators. For the analysis based on the elements of social capital and other indicators of socio-economic development the authors used Russian official statistics, international organizations data and sociological surveys results. Considering the advantages and disadvantages of correlation and regression analysis and mathematical methods in Economics in general, the authors set the task not to construct a multifactor model of economic and non-economic indicators interrelation, but to confirm their close ties according to the purpose to substantiate the necessity of the government social and economic policy improvement by taking into account the influence of institutional and ethical factors that have long been investigated outside the pure economic science. Key factors of social capital increasing include honesty, trust, fairness, but their level in Russia remains extremely low due to cultural and historical peculiarities of national development, that can be proven by economic crimes and the shadow economy statistics. Great attention is also paid to social responsibility and patriotism, which are of particular importance in the current geopolitical environment and can be combined in the sense of national economic responsibility.

Keywords: social capital; ethics; moral and ethical features; honesty; trust; justice; national economic responsibility.

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