In this paper, I investigated the determinants of financial development with emphasis on social capital. First, I explain the relationship between financial development and its determinants, then estimate the model with Gregory–Hansen (1996) and Johansen-Juselious cointegration techniques in I.R. of IRAN (1971-2006). The results showed that, inflation and decline in social capital and weak property rights have the negative and significant effects on financial development.
JEL Classification: G21, K42, O17, Z13
samadi, A. H. (2010). Social Capital and Financial Development: The Case of IRAN (1971-2006). Journal of Economic Research (Tahghighat- E- Eghtesadi), 44(3), -.
MLA
ali hossein samadi. "Social Capital and Financial Development: The Case of IRAN (1971-2006)", Journal of Economic Research (Tahghighat- E- Eghtesadi), 44, 3, 2010, -.
HARVARD
samadi, A. H. (2010). 'Social Capital and Financial Development: The Case of IRAN (1971-2006)', Journal of Economic Research (Tahghighat- E- Eghtesadi), 44(3), pp. -.
VANCOUVER
samadi, A. H. Social Capital and Financial Development: The Case of IRAN (1971-2006). Journal of Economic Research (Tahghighat- E- Eghtesadi), 2010; 44(3): -.
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