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

Ganau, Roberto and Rodríguez-Pose, Andrés ORCID: 0000-0002-8041-0856 (2023) Firm-level productivity growth returns of social capital: evidence from Western Europe. Journal of Regional Science, 63 (3). 529 - 551. ISSN 0022-4146

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Abstract

We analyze the firm-level labor productivity growth returns of social capital—defined as a synthetic measure of “generalized trust,” “active participation,” and “social norms”—using a large sample of manufacturing firms in France, Germany, Italy, Portugal, and Spain. We find that firms' labor 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.

Item Type:	Article
Additional Information:	© 2023 The Authors
Divisions:	Geography & Environment
Subjects:	H Social Sciences > HB Economic Theory
JEL classification:	Z - Other Special Topics > Z1 - Cultural Economics; Economic Sociology; Economic Anthropology > Z13 - Social Norms and Social Capital; Social Networks D - Microeconomics > D2 - Production and Organizations > D24 - Production; Cost; Capital and Total Factor Productivity; Capacity R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R10 - General
Date Deposited:	06 Feb 2023 17:48
Last Modified:	12 Dec 2024 03:34
URI:	http://eprints.lse.ac.uk/id/eprint/118118

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