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Title:Trust and innovation activity in European regions: A geographic instrumental variables approach PDF Logo
Authors:Schild, Christopher-Johannes
Issue Date:2012
Series/Report no.:IWQW Discussion Paper series 02/2012
Abstract:For a cross-section of 123 European regions, a positive causal effect of generalised trust on innovation activity is identified using a set of geographic instrumental variables from climate and soil data. The geographic instrumental variables are defined and discussed. The popular explanation for spatial clustering of innovation by 'interregional knowledge spillovers' is empirically tested. It is found that spatial clustering of innovation activity can be better explained by a positive in uence of trust on innovation combined with the fact that neighboring regions typically show similar levels of trust.
Subjects:Social Capital
Trust
Innovation
Regional Economics
Europe
JEL:O31
R11
R12
Z13
Document Type:Working Paper
Appears in Collections:IWQW Discussion Paper Series, FAU Erlangen-Nürnberg

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