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Social Capital, Innovation and Growth: Evidence from Europe

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Author Info
Akçomak, I. Semih () (Maastricht University)
ter Weel, Bas () (CPB Netherlands Bureau for Economic Policy Analysis)

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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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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 3341.

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Length: 55 pages
Date of creation: Feb 2008
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Handle: RePEc:iza:izadps:dp3341

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Keywords: social capital innovation economic growth European Union

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Find related papers by JEL classification:
O1 - Economic Development, Technological Change, and Growth - - Economic Development
O3 - Economic Development, Technological Change, and Growth - - Technological Change
O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
Z13 - Other Special Topics - - Cultural Economics - - - Social Norms and Social Capital; Social Networks Economic Anthropology

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References listed on IDEAS
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.:
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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. 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!]
  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!]
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