The importance of social capital/social innovation in macroeconomics

By , Professor at KU Leuven

This paper contributes to the literature of social capital and social innovation by showing the relevance of social capital and innovation in macroeconomics. By referring to the economic analysis of social capital, we improve the understanding of social innovation and the mechanisms through which it impacts the economy. Furthermore country level estimates of social capital are generated based on the European Value Survey. These estimates can serve to gain deeper understanding in social innovation on country level.