Dynamic Analysis of The Role of Social Capital In the Process of Development: an Interdisciplinary Approach

Social capital is an interdisciplinary concept that nowadays is denoted in the economic and social studies of modern societies. Addressing this concept in the economic development discussions shows the important effect of structures and social relationships among peoples (social capital) on development variables in all aspects. The purpose of the current study is to analyze the dynamic role of social capital in the process of development in societies. This study emphasizes that the existence of social capital in a society can significantly effect on development in the society. This study, tries to propose a dynamic model to analyze the dynamics of social capital, using system thinking and dynamic systems modeling. System dynamic is a technique that allows us to model complex and nonlinear systems. Further, in order to understand the model relationships, scenario approach was used. Results indicated that social capital can affect social and economic development through a complex and dynamic mechanism.