TY  - RPRT
        AU  - Akçomak, I. Semih
AU  - Weel, Bas ter
        TI  - Social Capital, Innovation and Growth: Evidence from Europe
        PY  - 2008/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3341
        UR  - https://www.iza.org/index.php/publications/dp3341
        AB  - 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.
        KW  - European Union
KW  - innovation
KW  - economic growth
KW  - social capital
        ER  -