Social Capital, Innovation and Growth: Evidence from Europe

55 Pages Posted: 3 Nov 2008

See all articles by Semih Akcomak

Semih Akcomak

TEKPOL-METU; UNU-MERIT

Bas ter Weel

University of Amsterdam - SEO Economic Research; Institute for the Study of Labor (IZA)

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.

Keywords: social capital, innovation, economic growth, European Union

JEL Classification: O1, O3, O52, Z13

Suggested Citation

Akcomak, Semih and ter Weel, Bas, Social Capital, Innovation and Growth: Evidence from Europe. IZA Discussion Paper No. 3341, Available at SSRN: https://ssrn.com/abstract=1294524 or http://dx.doi.org/10.1111/j.0042-7092.2007.00700.x

Semih Akcomak (Contact Author)

TEKPOL-METU ( email )

Ankara, 06531
Turkey

UNU-MERIT ( email )

P.O. Box 616
Maastricht, 6200 MD
Netherlands

Bas Ter Weel

University of Amsterdam - SEO Economic Research ( email )

Roetersstraat 29
Amsterdam, 1018 WB
Netherlands

Institute for the Study of Labor (IZA)

P.O. Box 7240
Bonn, D-53072
Germany

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