Social capital, innovation and growth: Evidence from Europe

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Date

2009-07-01

Author

Akçomak, İbrahim Semih

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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.

Subject Keywords

Social capital, Innovation, Economic growth, European Union

URI

https://hdl.handle.net/11511/29998

Journal

EUROPEAN ECONOMIC REVIEW

DOI

https://doi.org/10.1016/j.euroecorev.2008.10.001

Collections

Graduate School of Social Sciences, Article

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Citation Formats

İ. S. Akçomak, “Social capital, innovation and growth: Evidence from Europe,” EUROPEAN ECONOMIC REVIEW, pp. 544–567, 2009, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/29998.