Does social capital matter for European regional growth?

Forte, Anabel; Peiró‐Palomino, Jesús; Tortosa‐Ausina, Emili

doi:10.1016/j.euroecorev.2015.03.013

Cited by 54 publications

(60 citation statements)

References 71 publications

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“…Our estimates reveal that well‐being in a particular region is positively influenced by R&D spending, which is consistent with previous observations of the positive effects of R&D on economic growth (Capello & Lenzi, ; ). Similarly, the estimated positive impact of trust on well‐being is in line with the findings of Forte et al () and Peiró‐Palomino () for economic growth.…”

Section: Resultssupporting

confidence: 89%

“…Finally, social trust is expected to have positive effects on well‐being as it may facilitate the diffusion of knowledge and ideas, decrease the level of litigation within firms and reduce the time and resources spent controlling partners, employees, suppliers, etc. (Knack & Keefer, ), which might be beneficial for economic development (Forte, Peiró‐Palomino, & Tortosa‐Ausina, ; Peiró‐Palomino, ). In addition, trust as a form of social capital can enhance civic engagement as citizens may remind one another of the communal benefits of voting and participating in the political process, and accelerate the flow of political information through a community.…”

Section: Empirical Strategy and Methodologymentioning

confidence: 99%

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Well‐being in European regions: Does government quality matter?

Peiró‐Palomino

Picazo‐Tadeo

Ríos

2020

Papers in Regional Science

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This paper constructs a composite indicator of well-being for 168 European regions with data from 10 well-being domains. Regions are then ranked according to their respective levels of well-being. The ranking reveals notable differences across European regions, which follow a marked spatial pattern. As a second contribution, the paper analyses the impact of the quality of government on well-being. Results show a positive association robust to several specifications and scenarios. Moreover, the effects of quality of government on individual well-being dimensions are identified, finding positive links with education, jobs, income, safety civic engagement, access to services, housing and community support. KEYWORDS composite well-being indicators, European regions, government quality JEL CLASSIFICATION C14; C61; I31; H41; R50

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Section: Resultssupporting

confidence: 89%

Section: Empirical Strategy and Methodologymentioning

confidence: 99%

Well‐being in European regions: Does government quality matter?

Peiró‐Palomino

Picazo‐Tadeo

Ríos

2020

Papers in Regional Science

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“…More closely linked to our endeavour are a limited number of studies which analyse European regions and focus on cultural indicators such as social capital, trust, and obedience, among others (see, e.g., Akçomak & ter Weel, 2009;Beugelsdijk, de Groot, & von Schaik, 2004;Forte, Peiró-Palomino, & Tortosa-Ausina, 2015;Kaasa, Vadi, & Varblane, 2014;Schneider, Plümper, & Baumann, 2000;Tabellini, 2010). 4 These studies tend to find weaker effects of culture on economic growth than what was found by the cross-country literature.…”

Section: Literature Reviewmentioning

confidence: 99%

The influence of the cultural values independence and obedience on regional incomes: Econometric evidence

Greßer

Stadelmann

2019

Papers in Regional Science

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Employing sub‐national panel data for 1,204 regions from 1980 to 2010, we show that regional appreciation of the cultural value Independence has a positive and statistically significant association with regional per capita income, whereas the value Obedience exerts a negative effect. Our data allow us to exploit within country‐year variation by including country‐time fixed effects to mitigate issues of omitted variable bias which are usually present when analysing cross‐national data. A large array of robustness tests supports an effect of cultural values on regional per capita income. Interacting regional culture with national institutions reveals that stronger national institutions moderate the impact of the regional cultural values.

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“…Trusting other members of society has been suggested as a fundamental cornerstone of economic growth and development (e.g., see Zak and Knack, 2001, Guiso et al, 2004, 2006, Dearmon and Grier, 2009, Algan and Cahuc, 2010, Tabellini, 2010, Horváth, 2013, or Forte et al, 2015. The fact that 'trust matters' has become a stylized fact in the associated literature, which makes it all the more important to understand how people's interpersonal trust levels are shaped.…”

Section: Introductionmentioning

confidence: 99%

Financial shocks and the erosion of interpersonal trust: Evidence from longitudinal data

Jetter

Kristoffersen

2018

Journal of Economic Psychology

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Financial Shocks and the Erosion of Interpersonal Trust: Evidence from Longitudinal Data DECEMBER 2017Any opinions expressed in this paper are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but IZA takes no institutional policy positions. The IZA research network is committed to the IZA Guiding Principles of Research Integrity. The IZA Institute of Labor Economics is an independent economic research institute that conducts research in labor economics and offers evidence-based policy advice on labor market issues. Supported by the Deutsche Post Foundation, IZA runs the world's largest network of economists, whose research aims to provide answers to the global labor market challenges of our time. Our key objective is to build bridges between academic research, policymakers and society. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. we find that trust does not change meaningfully following a positive financial shock (e.g., winning the lottery). However, trust falls sharply following a negative financial shock (e.g., bankruptcy). In terms of magnitude, this effect is approximately equivalent to the effect observed after one reports being the victim of physical violence or a property crime, but significantly larger than effects from a range of other individual-level shocks (e.g., being fired or getting divorced). We then explore a potential explanation of this finding related to locus of control, which relates to the extent to which people believe they are in control of their circumstances. Indeed, we find evidence consistent with this hypothesis as locus of control tends to change, and become less internal, following a negative financial shock. In turn, locus of control is closely associated with interpersonal trust levels. JEL Classification:D90, E32, G40, Z1

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Does social capital matter for European regional growth?

Cited by 54 publications

References 71 publications

Well‐being in European regions: Does government quality matter?

Well‐being in European regions: Does government quality matter?

The influence of the cultural values independence and obedience on regional incomes: Econometric evidence

Financial shocks and the erosion of interpersonal trust: Evidence from longitudinal data

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