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The Social Capital of Regional Dynamics: A Policy Perspective


  • Hans Westlund

    (National Institute for Working Life)


This paper deals with social capital as an extra-market externality, and its role for innovations and growth. It analyses the changes of innovation activity over time, from early industrialism to the global knowledge economy, how the relations between the actors of today's innovation systems have developed and the role of social networks for innovations. The different kinds of networks built by the three constructers of social networks: the individual, the organizations and the (public and civic) society are discussed. The role of public policy in building social capital for innovations and growth is analyzed.

Suggested Citation

  • Hans Westlund, 2006. "The Social Capital of Regional Dynamics: A Policy Perspective," CIRJE F-Series CIRJE-F-423, CIRJE, Faculty of Economics, University of Tokyo.
  • Handle: RePEc:tky:fseres:2006cf423

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    References listed on IDEAS

    1. Motohiro Sato, 2002. "Intergovernmental Transfers, Governance Structure and Fiscal Decentralization," The Japanese Economic Review, Japanese Economic Association, vol. 53(1), pages 55-76.
    2. Torsten Persson & Lars E. O. Svensson, 1989. "Why a Stubborn Conservative would Run a Deficit: Policy with Time-Inconsistent Preferences," The Quarterly Journal of Economics, Oxford University Press, vol. 104(2), pages 325-345.
    3. Wildasin, David E., 2004. "The Institutions of Federalism: Toward an Analytical Framework," National Tax Journal, National Tax Association, vol. 57(2), pages 247-272, June.
    4. Alberto Alesina & Guido Tabellini, 1990. "A Positive Theory of Fiscal Deficits and Government Debt," Review of Economic Studies, Oxford University Press, vol. 57(3), pages 403-414.
    5. Nobuo Akai & Motohiro Sato, 2005. "leadership meets soft budget," CIRJE F-Series CIRJE-F-391, CIRJE, Faculty of Economics, University of Tokyo.
    6. DelRossi, Alison F. & Inman, Robert P., 1999. "Changing the price of pork: the impact of local cost sharing on legislators' demands for distributive public goods," Journal of Public Economics, Elsevier, vol. 71(2), pages 247-273, February.
    7. Wildasin, David E., 1997. "Externalities and bailouts : hard and soft budget constraints in intergovernmental fiscal relations," Policy Research Working Paper Series 1843, The World Bank.
    8. Michael Keen, 1998. "Vertical Tax Externalities in the Theory of Fiscal Federalism," IMF Staff Papers, Palgrave Macmillan, vol. 45(3), pages 454-485, September.
    9. Michael J. Keen & Christos Kotsogiannis, 2002. "Does Federalism Lead to Excessively High Taxes?," American Economic Review, American Economic Association, vol. 92(1), pages 363-370, March.
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    Cited by:

    1. Lisa Van Well, 2011. "Dealing with Dichotomies: The case of Bornholm," ERSA conference papers ersa10p1330, European Regional Science Association.
    2. Karlsson, Charlie & Rouchy, Philippe, 2015. "Regional Economic Development, Social Capital and Governance: A Buchanian Approach," Working Paper Series in Economics and Institutions of Innovation 390, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    3. Bögenhold, Dieter & Fachinger, Uwe, 2010. "How Diverse is Entrepreneurship? Observations on the social heterogeneity of self-employment in Germany," MPRA Paper 23271, University Library of Munich, Germany.

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