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Economic development: search for new criteria


Olyga Zolotareva
(about the author)

Zolotareva Olyga Aleksandrovna – Candidate of Science, Economics, Associate professor, Postdoctoral student at the Chair of Banking Industry, Saint Petersburg State University of Economics

Published in:
Creative Economy
– № 10 / October, 2014



Keywords: economic development, financial depth, human capital, social capital, social trust, synergeticity of economy


Citation:
Olyga Zolotareva (2014). Economic development: search for new criteria. Creative Economy, 8(10), 3-14. — url: http://bgscience.ru/com/lib/1307


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Abstract:

Existing estimates of economic development on the basis of GDP lead to misrepresentations associated with the growth of government spending, increasing benefits for communities, intensive replacement of physical capital with human capital. Attempts to establish the factor of social capital as a criterion for development are associated with difficulties in structuring. The category of synergeticity of economy, approximated with indicators of financial depth, is proposed for objectification of the concept.








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