Scandinavian Working Papers in Economics

Working Papers,
Blekinge Institute of Technology, Department of Industrial Economics

No 2012/06: Entrepreneurship, Social Capital, Governance and Regional Economic Development

Charlie Karlsson ()
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Charlie Karlsson: CSIR, Blekinge Inst of Technology, Postal: CSIR, School of Management, Blekinge Inst of Technology, 371 79 Karlskrona, Sweden

Abstract: In this paper, we discuss three factors of critical importance for regional economic development, namely entrepreneurship, social capital and governance. We conclude firstly that the relationships between regional entrepreneurship, regional social capital, regional governance and regional economic development are complex and interdependent. Secondly, to influence these factors and the relationship between them policy-makers must have a long-term perspective and be both patient and persistent in their efforts. It is our hope that this paper provides both a somewhat better understanding of the relationships between regional entrepreneurship, regional social capital, regional governance and regional economic development and some help to national and regional policy-makers in formulating and implementing the proper long-term regional policies needed.

Keywords: Regional economic development; entrepreneurship; social capital; governance

JEL-codes: D70; G38; L26; R58

17 pages, June 6, 2012

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