The Scandinavian welfare model and the role of civic capital: past experience and future challenges
DOI:
https://doi.org/10.5935/2317-2622/direitomackenzie.v9n19783Abstract
This paper introduces the concept of civic capital in explaining why the Scandinavian welfare model has been so successful in generating economic performance during the recent decades. Civic capital splits into several measurable factors of which trust, scope of morality and fairness are dealt with in more details in this paper. The recent research shows that the above factors have influences on productivity, output per capita and the level and complexity of regulation, and that the above factors are also associated to the good economic performance of the Scandinavian welfare model.
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