Social capital and innovation: A comparative analysis of regional policies

This paper analyses how different forms of social capital are associated with different types of innovation across regional policy interventions. Taking the case of a continuum of three policy interventions incorporating both ‘hard’/traditional and ‘soft’/non-traditional innovation measures, the analysis finds that differing regional innovation programmes are connected with different forms of social capital generation. Significant associations are found between the types of innovation generated and differing forms of social capital. In particular, the elements of social capital associated with the benefits of social networks are positively related to softer forms of innovation. However, there is also evidence that the positive influence of social networks varies in strength across policy interventions, suggesting a strong contextual and environmental influence on this relationship. It is concluded that social capital should not be considered a panacea for increasing levels of innovative activity within regional policy programmes.