Does social capital matter for European regional growth?
Jesús Peiró-Palomino () and
Anabel Forte Deltell ()
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Anabel Forte Deltell: Department of Economics, Universitat Jaume I, Castellón, Spain
No 2013/02, Working Papers from Economics Department, Universitat Jaume I, Castellón (Spain)
This article analyzes the role of different elements of social capital in economic growth for a sample of 85 European regions during the period 1995 - 2008. Much has been said about social capital in the last two decades, but studies for the European regional context are scant, and those analyzing periods after the nineties are nonexistent. The improvements in data availability allow us to consider the traditionally disregarded Central and Eastern European regions. This is especially interesting, since they are all transition economies that recently joined to the European Union and show remarkably low levels of social capital. Additionally, we follow the Bayesian paradigm, which not only allows us to make direct inference on the parameters to be estimated, but also deals with parameter uncertainty, leading to a deeper understanding of the data. Contrary to other contributions for the European context, results suggest, among other findings, that trust and social norms might have the major implications for regional growth, whereas the role of active participation in groups does not seem to be so well defined.
Keywords: Social capital; economic growth; European regions; Bayesian inference (search for similar items in EconPapers)
JEL-codes: C15 R10 Z13 (search for similar items in EconPapers)
Pages: 30 pages
New Economics Papers: this item is included in nep-eec, nep-eur, nep-geo, nep-soc, nep-tra and nep-ure
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Journal Article: Does social capital matter for European regional growth? (2015)
Working Paper: Does Social Capital Matter for European Regional Growth (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:jau:wpaper:2013/02
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