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Title:Social capital, innovation and growth: evidence from Europe PDF Logo
Authors:Akçomak, I. Semih
ter Weel, Bas
Issue Date:2008
Series/Report no.:IZA Discussion Papers 3341
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.
Subjects:Social capital
innovation
economic growth
European Union
JEL:O1
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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