This paper is based on the punctuated equilibrium model of organizational change. We argue that there are multiple ways in which organizational change takes place. More in particular, by looking at the interaction between the two types of organizational change (radical and incremental), we...

Over the past ten years the concept of regional clustering has gained much popularity in business, government, and the academic world. In regional economics, much attention has been devoted to explain the economic success of certain regions all around the world. Theoretical concepts like...

In this paper we study the cultural aspects of the ‘Europe of the regions’. We try to explain value differences in European regions. In explaining value differences between regions we build on Inglehart, who has described and empirically analysed the relationship between cultural values and...

In this paper we develop a model of growth and social capital, and test it using data from the European Value Survey (EVS). Following Putnam’s distinction between bonding and bridging social capital, we model social capital as participation in two types of social networks: first, closed...

Beugelsdijk S. and Van Schaik T. (2005) Differences in social capital between 54 Western European regions, Regional Studies 39 , 1053-1064. Based on the extant literature, a newly developed index measuring social capital at the regional level in Europe is presented. It is shown that there are...

Beugelsdijk S., Van Schaik T. and Arts W. (2006) Toward a unified Europe? Explaining regional differences in value patterns by economic development, cultural heritage and historical shocks, Regional Studies 40, 317-327. The concept of the 'Europe of the regions' has given rise to the question of...

Economists increasingly pay attention to social capital as an important determinant of macroeconomic growth performance. At the same time, there is discussion regarding the robustness of the results of empirical growth studies. In a seminal paper, Knack and Keefer (1997) assess the effect of...

Well-functioning institutions, both formal (i.e. rule of law) and informal (i.e. trust), facilitate economic exchange. To investigate the nature of the relationship between formal and informal institutions, we analyze bilateral trade patterns in a sample of 16 European countries between...