Innovation Capital and its Measurement

Social capital: a guide to its measurement.

The primary aims of this paper are to review the concept of social capital and related constructs and to provide a brief guide to their operationalization and measurement. We focus on four existing constructs: collective efficacy, psychological sense of community, neighborhood cohesion and community competence. Each of these constructs taps into slightly different, yet overlapping, aspects of s...

Social Capital and Innovation Policy

Capital , innovation , and growth accounting

In this paper we show how moving from the neoclassical model to the more recent endogenous growth paradigm can lead to markedly different interpretations of the same growth accounting data. In neoclassical theory, even if between 30 and 70 per cent of the growth of output per worker in OECD countries can be ‘accounted for’ by capital accumulation, yet in the long run all of the growth in output...

Creativity and Innovation as a New Approach in Human Capital

This question has always been put forward in the mind of curious people why some countries have developed termed in spite of very few natural resources and facilities while other countries have not developed in spite of having more suitable resources and facilities. Various factors such as economy, culture, geography, etc. are perhaps a background to answer this question, but there is a more im...

Human capital, innovation and technology diffusion

This paper develops a new latent index of human capital identified as valuable skills for seventy countries for the period 1970-2003. The index is compared to existing measures of human capital in assessing the Benhabib and Spiegel (2005) model of logistic technology diffusion. The study undertakes extensive sensitivity analysis and accounts for alternative production functions, capital-skill c...