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|Title:||Innovation and social capital: Across-country investigation |
Ács, Zoltán J.
|Issue Date:||2009 |
|Series/Report no.:||Jena economic research papers 2009,082|
|Abstract:||This study explores the impact of social capital on innovation by constructing a more general measure of social capital indicator consisting of generalized and institutional trust, associational activities and civic norms. We test the hypothesis that social capital has a positive impact on innovation at the national level. After controlling for R&D expenditure and human capital there is a positive relationship between social capital and innovation. Social capital interacts with entrepreneurship and the strongest relationship is between associated activities and entrepreneurship. This is consistent with the need to build social relationships in today's networked economy.|
generalized and institutional trust
|Document Type:||Working Paper|
|Appears in Collections:||Jena Economic Research Papers, MPI für Ökonomik|
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