Social Capital and Economic Growth in Europe: Nonlinear Trends and Heterogeneous Regional Effects
Social Capital and Economic Growth in Europe: Nonlinear Trends and Heterogeneous Regional Effects
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欧洲的社会资本和经济增长：非线性趋势和异质区域效应
DOI：
10.1111/obes.12131
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发表时间：
2016
期刊：
影响因子：
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通讯作者：
Jesús Peiró‐Palomino
中科院分区：
文献类型：
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作者：
Jesús Peiró‐Palomino
经过20年关于社会资本-增长关系的学术辩论，讨论仍然是开放的。然而，到目前为止，大多数文献都采用了一刀切的方法，忽视了地理单位之间的巨大差异可能对这种关系产生影响。本文通过一组参数和非参数回归分析了1995-2007年期间两个社会资本指标对237个欧洲地区经济增长的作用。而前者强加一个线性函数形式的参数，后者放松这一假设提供了一个灵活的框架，其中的函数形式给出的数据。该技术还允许引入参数异质性的分析，估计个别区域的影响。参数分析的结果表明，影响的符号和大小取决于所考虑的指标。相比之下，非参数回归的结果表明，虽然这两个指标是显着的增长预测，效果偏离线性。此外，并非所有地区都以同样的强度受益于社会资本。最显著的差异在于中欧和东欧国家的区域，那里的社会资本大多为负数。其他区域条件，如初始收入水平、投资率或人力资本存量等，其影响较为有限。
After two decades of academic debate on the social capital-growth nexus, discussion still remains open. Most of the literature so far, however, has followed the one-size-its-all approach, neglecting that the great disparities across geographical units might have implications in this relationship. This article analyzes the role of two social capital indicators on the growth of 237 European regions in the period 1995–2007 by implementing a set of both parametric and non- parametric regressions. Whereas the former impose a linear functional form for the parameters, the latter relax this assumption providing a flexible frame in which the functional form is given by the data. The technique also permits introducing parameter heterogeneity in the analysis by estimating individual regional effects. The results from the parametric analysis show that the sign and the magnitude of the effects hinge upon the indicator considered. In contrast, results from the nonparametric regressions suggest that, while both indicators are significant growth predictors, the effect departs from linearity. Moreover, not all regions benefit from social capital with the same intensity. The most notable difference lies in regions from Central and Eastern Europe countries, where social capital is mostly negative. Other regional conditions such as initial income levels, investment rates or the stock of human capital show a more limited influence.
DOI：
10.1016/j.socec.2007.06.014
发表时间：
2007-05
期刊：
Macroeconomics: Consumption
影响因子：
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作者：
Soumyananda Dinda
通讯作者：
Soumyananda Dinda