Social Capital, Innovation and Growth: Evidence from Europe

Akçomak, Semih and ter Weel, Bas (2006). Social Capital, Innovation and Growth: Evidence from Europe. UNU-MERIT.

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  • Sub-type Working paper
    Author Akçomak, Semih
    ter Weel, Bas
    Title Social Capital, Innovation and Growth: Evidence from Europe
    Publication Date 2006
    Place of Publication Maastricht, NL
    Publisher UNU-MERIT
    Pages 60
    Abstract This paper investigates the interplay between social capital, innovation and economic growth in the European Union. We identify innovation as an important mechanism that transforms social capital into economic growth. In an empirical investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance is conducive to economic growth and that social capital affects growth indirectly by fostering innovation. Our estimates suggest that there is only a limited role for a direct effect of social capital on economic growth.
    Keyword Social capital
    Innovation
    Economic growth
    European Union
    JEL O1
    O3
    O52
    Z13
    Copyright Holder UNU-MERIT
    Copyright Year 2006
    Copyright type All rights reserved
    ISSN 18719872
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