Shiraz University Iranian Journal of Economic Studies 2322-1402 3 2 2014 10 23 The Impact of Social Capital on Innovation in Selected Countries تأثیر سرمایه اجتماعی بر نوآوری در کشورهای منتخب 81 98 3671 10.22099/ijes.2014.3671 EN Farhad Khodadad Kashi Department of Economics, Payame Noor University, Tehran-Iran Ali Afsari Department of Economics, Allameh Tabatabayi University, Tehran-Iran Journal Article 2013 03 03 Using panel data method, this study examines the effects of different dimensions of social capital on innovation at the societal level across 21 countries (19 Asian countries plus Russia and Egypt) for the period 1995-2011. Dimensions of social capital that have been considered in this study include generalized trust, trust toward friends, institutional trust, civic participation, and norms of civic behavior. We use Fully Modified OLS (FMOLS) method to estimate the model. Our empirical findings suggest that in Asian countries some aspects of social capital such as trust toward friends, generalized trust and norms of civic behavior have a positive and significant effect on innovation. But civic participation and institutional trust have no significant impact on innovation. Moreover, we find that human capital and R & D expenditure have a positive effect on innovation in these countries. https://ijes.shirazu.ac.ir/article_3671_1395150a3e391129e88f1f847802181f.pdf