Social capital, innovation and growth: Evidence from Europe

This paper investigates the interplay between social capital, innovation and per capita income growth in the European Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels. In an empirical investigation of 102 European regions in t...

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Bibliographic Details
Published inEuropean economic review Vol. 53; no. 5; pp. 544 - 567
Main Authors Akçomak, İ. Semih, ter Weel, Bas
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.07.2009
Elsevier
Elsevier Sequoia S.A
SeriesEuropean Economic Review
Subjects
Economic growth
Economic models
Estimates
Europe
European Union
Innovation
Innovations
Per capita
Per capita income
Social capital
Social capital Innovation Economic growth European Union
Studies
Europe
O1
Innovation
O3
Economic growth
European Union
O52
Z13
Social capital
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Summary:This paper investigates the interplay between social capital, innovation and per capita income growth in the European Union. We model and identify innovation as an important mechanism that transforms social capital into higher income levels. In an empirical investigation of 102 European regions in the period 1990–2002, we show that higher innovation performance is conducive to per capita income growth and that social capital affects this growth indirectly by fostering innovation. Our estimates suggest that there is no direct role for social capital to foster per capita income growth in our sample of European Union countries.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0014-2921
1873-572X
DOI:10.1016/j.euroecorev.2008.10.001