Emphasis on social diversity: seeking future research prospects

On one hand, this paper aims at exploring how social capital relates to heterogeneous social identity as measured through religious diversity, gender and ethnic diversity by considering them as instruments to social capital in a growth model. On the other hand, this paper develops a relationship between social capital and economic growth keeping in view human capital and physical capital as transmission channels which intervene to explain indirect impact of social capital on economic growth. In this study, social capital as measured through 'trust' appears to have an endogenous impact on economic growth. Researcher wants to employ panel data on selected variables and will try to explain this issue of endogeneity with the help of estimation technique i.e Generalized Method of Moment (GMM).