 The Social Capital of Regional Dynamics: A Policy PerspectiveChapter Chapter 8 in New Directions in Regional Economic Development, 2009, pp 121-141 from Springer Abstract: Abstract Creating something new, improving the quality and characteristics of existing products or producing things in a more cost efficient manner are three of the ways responsible for economic growth. Of these three, it is only the last one that can be considered connected to neoclassical theory, in the form of optimum combination of the given production factors under a given technology. A change in technology, as well as the sources to the other two ways contributing to the economic growth do not occur through variations in the quantities of production factors, but by the setting up of new production functions through different types of innovations, or what Schumpeter (1934, 1950) denominated as new combinations of production factors. In this expression also lies an understanding of the heterogeneity of the concepts of labor and capital and the possibility of combining an infinite number of labor and capital in an infinite number of combinations. Thus, studying innovations and economic change requires other approaches than those of traditional mainstream economics. Keywords: Social Capital; Innovation System; Innovation Activity; Knowledge Spillover; Triple Helix (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-642-01017-0_8 Ordering information: This item can be ordered from DOI: 10.1007/978-3-642-01017-0_8 Access Statistics for this chapter More chapters in Advances in Spatial Science from Springer |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.