Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/200686 
Authors: 
Year of Publication: 
2018
Series/Report no.: 
MAGKS Joint Discussion Paper Series in Economics No. 30-2018
Publisher: 
Philipps-University Marburg, School of Business and Economics, Marburg
Abstract: 
The economic success and innovative outcomes of the high performing East Asian countries, albeit often characterized as low-trust societies, suggests reexamination of the presumed positive relationship between social trust and innovation. Multi-level analyses conducted in this paper reveal that the role of social capital in innovation is different in East Asia. Shared social norms such as growth primacy and reciprocity and values of accepting competition and performance-based incentives are the most essential driving-force of innovation in the East Asian countries, whereas social trust does not play a positive role there. The importance of the shared social norms and collective goals can be explained by the prominent role of the state in the East Asian development.
Subjects: 
social capital
social trust
social norms
social values
competition
innovation
entrepreneurship
high-performing East Asian economies
JEL: 
J24
L26
N15
N75
O31
O43
Document Type: 
Working Paper

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