Firm-level productivity growth returns of social capital: Evidence from Western Europe

Roberto Ganau and Rodríguez-Pose, Andrés
Authors registered in the RePEc Author Service: Andrés Rodríguez-Pose

No 17979, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We analyse the firm-level labour productivity growth returns of social capital —defined as a synthetic measure of ‘generalised trust’, ‘active participation’, and ‘social norms’— using a large sample of manufacturing firms in France, Germany, Italy, Portugal, and Spain. We find that firms’ labour productivity growth is higher in areas with a better social capital endowment. The positive returns of social capital are, nevertheless, unevenly distributed across firms, with smaller, less productive, less capital-endowed, and low-tech firms benefitting the most from operating in strong social capital ecosystems.

Keywords: Firms; Social capital; Manufacturing industry (search for similar items in EconPapers)
JEL-codes: C36 D24 R10 Z13 (search for similar items in EconPapers)
Date: 2023-03
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Working Paper: Firm-level productivity growth returns of social capital: Evidence from Western Europe (2023)
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