Smulders, Sjak; Beugelsdijk, S. - Tilburg University, Center for Economic Research - 2009
In this paper we develop a formal model of economic growth and two types of social capital. Following extant literature … rent seeking and cheating, promoting economic growth. We test our hypotheses in a sample of European regions using unique …, and, second, open networks that bridge different communities. Higher levels of social capital may crowd out economic …