In press                   Back to the articles list | Back to browse issues page

XML Persian Abstract Print

The relationship between social capital, public health, and governance with wealth creation mechanisms in economies with a medium level of welfare
Roya Akhavan Kharazian , Bahar Hafezi * , Mostafa Rajabi , Maryam Sharifdoust
Abstract:   (195 Views)

Introduction:Wealth creation mechanisms are multifaceted and complex processes influenced by various factors. The present study aims to examine the relationship between social capital, public health, and governance with wealth creation mechanisms in economies with a medium level of welfare.
Method: This research is applied and descriptive-analytical in nature, utilizing panel data regression analysis, conducted in 71 selected countries with an average level of prosperity for the years 2007 to 2023. The dependent variable is wealth creation mechanisms, and the independent variables include social capital, public health, governance, personal freedom, and education, which have been extracted from the data of the Legatum Institute.
Findings: The results of the regression model estimation showed that social capital had a positive and significant impact of 4.2%, public health 3.7%, and governance 20.5% on wealth creation mechanisms in the selected countries. In contrast, personal freedom showed a negative and significant impact of 1.2% on these mechanisms. Additionally, education had a non-linear and significant impact of 0.2% on wealth creation mechanisms.
Discussion: Improving the indicators of social capital, public health, and governance in countries with a medium level of welfare leads to the enhancement of wealth-creating mechanisms. The negative impact of personal freedom in these countries aligns with institutionalism theories and emphasizes the necessity of institutional groundwork. The non-linear effect of education is also consistent with the concept of knowledge spillover and indicates the importance of targeted investment in higher education. Therefore, policymakers should focus on strengthening institutions and social capital, as well as improving public health and effective investment in higher education.
Article number: 3
Keywords: social capital, public health, Wealth creation mechanisms, dashboard data
     
Type of Study: orginal |
Received: 2024/10/24 | Accepted: 2025/01/22 | Published: 2025/04/4
Send email to the article author

Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

© 2025 CC BY-NC 4.0 | Social Welfare Quarterly

Designed & Developed by : Yektaweb