We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity …

The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that … intensively use information technologies (IT). This has not occurred in Europe. If the US "productivity miracle" is due to a … abroad. This paper shows in fact that US multinationals operating in the UK do have higher productivity than non …

We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity …