Social Capital and Innovation - Can Social Trust Explain the Technological Innovation of the High-performing East Asian Economies?

Seo-Young Cho

MAGKS Papers on Economics from Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)

Abstract: The economic success and innovative outcomes of the high performing East Asian countries, albeit often characterized as low-trust societies, suggests reexamination of the presumed positive relationship between social trust and innovation. Multi-level analyses conducted in this paper reveal that the role of social capital in innovation is different in East Asia. Shared social norms such as growth primacy and reciprocity and values of accepting competition and performance-based incentives are the most essential driving-force of innovation in the East Asian countries, whereas social trust does not play a positive role there. The importance of the shared social norms and collective goals can be explained by the prominent role of the state in the East Asian development.

Keywords: social capital; social trust; social norms; social values; competition; innovation; entrepreneurship; high-performing East Asian economies (search for similar items in EconPapers)
JEL-codes: J24 L26 N15 N75 O31 O43 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2018
New Economics Papers: this item is included in nep-cse, nep-gro, nep-ino, nep-sea and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:mar:magkse:201830

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