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@article{ Ganau2023, title = {Firm-level productivity growth returns of social capital: Evidence from Western Europe}, author = {Ganau, Roberto and Rodríguez-Pose, Andrés}, journal = {Journal of Regional Science}, number = {3}, pages = {529-551}, volume = {63}, year = {2023}, issn = {1467-9787}, doi = {https://doi.org/10.1111/jors.12636}, urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-100672-3}, 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.}, keywords = {EVS; EVS; Westeuropa; Western Europe; Sozialkapital; social capital; Produktivität; productivity; Wachstum; growth; verarbeitendes Gewerbe; finishing industry; Frankreich; France; Bundesrepublik Deutschland; Federal Republic of Germany; Italien; Italy; Portugal; Portugal; Spanien; Spain}}