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Social capital, innovation and growth: Evidence from Europe

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Akçomak, I. Semih
ter Weel, Bas

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Abstract

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.

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Publisher Info
Article provided by Elsevier in its journal European Economic Review.

Volume (Year): 53 (2009)
Issue (Month): 5 (July)
Pages: 544-567
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Handle: RePEc:eee:eecrev:v:53:y:2009:i:5:p:544-567

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Keywords: Social capital Innovation Economic growth European Union;

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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Akçomak, I. Semih & ter Weel, Bas, 2008. "The Impact of Social Capital on Crime: Evidence from the Netherlands," IZA Discussion Papers 3603, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  2. Akcomak, Semih & Ter Weel, Bas, 2007. "How do social capital and government support affect innovation and growth? Evidence from the EU regional support programmes," UNU-MERIT Working Paper Series 009, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology. [Downloadable!]
  3. Akcomak, Semih & Parto, Saeed, 2006. "How "black" is the black sheep compared to all others? Turkey and the EU," UNU-MERIT Working Paper Series 024, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology. [Downloadable!]
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