SOCIAL CAPITAL AND INSTITUTIONAL QUALITY AS FACTORS OF INNOVATION: EVIDENCE FROM EUROPE

Anneli Kaasa, Helje Kaldaru and Eve Parts

No 55, University of Tartu - Faculty of Economics and Business Administration Working Paper Series from Faculty of Economics and Business Administration, University of Tartu (Estonia)

Abstract: This paper investigates how different dimensions of social capital and institutional quality are related to innovation activity and its utilisation. For reasons of data availability, previous studies have included mainly patenting data. This study complements the previous studies by analysing smaller sample, but including more indicators of innovation. Data for 29 European countries are analysed. As an alternative to usual analysing methods, cluster analysis is used to overcome the problem of small sample. First, cluster analysis is conducted to examine the similarities and differences in various aspects of innovation activity and utilisation of innovations. Next, the social capital and institutional quality are considered as possible factors of innovation next to the R&D and human capital. The findings supported the idea that different dimensions of social capital have a different impact on innovation activity; the results concerning the utilisation of innovations were mixed.

Keywords: innovation; social capital; institutional quality; Europe (search for similar items in EconPapers)
JEL-codes: A12 A13 O31 O4 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2007
New Economics Papers: this item is included in nep-cse, nep-ino and nep-soc
References: View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:mtk:febawb:55

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