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Trust and Innovation in Europe: Causal, spatial and non-linear forces

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  • Semih Akçomak

    ()
    (TEKPOL, Science and Technology Policy Studies, Middle East Technical University)

  • Hanna Müller-Zick

    ()
    (Maastricht University)

Abstract

This paper investigates the effect of trust on innovation. In addition to generalised trust we use a range of other indicators that could measure trust and investigate which trust related variables could explain innovation in 20 European countries divided into 135 regions. We specifically look at causal, non-linear and spatial forces. Our findings indicate that only generalised trust and non-egoistic fairness have robust effects on innovation in Europe. Using historical data on the extent and existence of universities and an instrumental variable strategy we set up a causal relationship between trust and innovation. Even after controlling for causal, spatial and non-linear forces there is a significant direct impact of trust on innovation.

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File URL: http://stps.metu.edu.tr/sites/stps.metu.edu.tr/files/TEKPOL%20WP%201304.pdf
File Function: First version, 2013
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Bibliographic Info

Paper provided by STPS - Science and Technology Policy Studies Center, Middle East Technical University in its series STPS Working Papers with number 1304.

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Length: 43 pages
Date of creation: Dec 2013
Date of revision: Dec 2013
Handle: RePEc:met:stpswp:1304

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Keywords: trust; social capital; innovation; EU;

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