KTH/CESIS Working Paper Series in Economics and Institutions of Innovation
Creativity as an integral element of social capital and its role for economic performance
(), Martin Andersson
() and Charlie Karlsson
Abstract: In this paper, we focus on the connections between
creativity, social capital and economic performance and growth. Our working
hypothesis is that both creativity and social capital influences the
economy, both each per se, but also through their influence on each other.
We regard creativity as one of the sources of entrepreneurship and
innovation (although creativity also can have ‘bad’ consequences if bad
actors such as criminals perform it). Depending on the types of networks
and the norms and values being distributed in them, social capital can
promote entrepreneurship and innovation and thus economic growth, but
social capital can have an inhibiting effect on entrepreneurship and
innovation. Social capital can contribute to creativity by dynamic networks
and/or values and attitudes that promote experimentation, but social
capital can also counteract creativity by rigid networks and values that
support status quo. Efforts to defend status quo might be creative in a
sense, but the creativity that we focus on in this paper, that with
positive impact on economic growth, is only found in the social capitals
that support economic growth and change.
Keywords: Creativity; social capital; norms; values; attitudes; institutions; networks; innovation; entrepreneurship; economic performance; economic growth; (follow links to similar papers)
JEL-Codes: D80; L14; L26; O31; O43; R11; (follow links to similar papers)
31 pages, November 22, 2013
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