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Social Values and the Economic Development of Regions

Author

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  • Roel Rutten
  • John Gelissen

Abstract

Social values are argued to effect economic life. The literature distinguishes several key social values, such as social capital, modernism and tolerance. Overlapping and conflicting views argue that higher levels of social values correlate with higher levels of economic development. Our paper contributes to the literature in two ways. First, we develop a comprehensive theoretical model on the relation between social values and economic development. Second, we test this model for European regions. Our findings suggest that social values matter but that they work on the level of subgroups in the population rather than the region as a whole.

Suggested Citation

  • Roel Rutten & John Gelissen, 2009. "Social Values and the Economic Development of Regions," European Planning Studies, Taylor & Francis Journals, vol. 18(6), pages 921-939, December.
    • Handle: RePEc:taf:eurpls:v:18:y:2009:i:6:p:921-939
    DOI: 10.1080/09654311003701456
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    References listed on IDEAS

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    1. Hans Westlund, 2006. "Social Capital in the Knowledge Economy," Advances in Spatial Science, Springer, number 978-3-540-35366-9, Fall.
    2. Westlund, Hans & Calidoni-Lundberg, Federica, 2007. "THE CREATIVE CLASS AND SOCIAL CAPITAL - civil society, regional development and high-tech employment in Japan," Working Paper Series in Economics and Institutions of Innovation 112, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    3. Best, Michael, 2001. "The New Competitive Advantage: The Renewal of American Industry," OUP Catalogue, Oxford University Press, number 9780198297451, Decembrie.
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