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ERIC Number: EJ919940
Record Type: Journal
Publication Date: 2011-Jun
Pages: 18
Abstractor: As Provided
Reference Count: 77
ISSN: ISSN-0303-8300
Tolerance Is Not Enough: The Moderating Role of Optimism on Perceptions of Regional Economic Performance
Lopes, Miguel Pereira; da Palma, Patricia Jardim; e Cunha, Miguel Pina
Social Indicators Research, v102 n2 p333-350 Jun 2011
Current theories on economic growth are stressing the important role of creativity and innovation as a main driver of regional development. Some perspectives, like Richard Florida's "creative class theory", have elected tolerance and diversity as a core concept in explaining differential development between different places, but his assumptions are challenged by other empirical and theoretical studies. In this article, we raise the possibility that tolerance is a necessary yet not a sufficient ingredient to trigger economic development in regions, and explore the role of subjective well-being (life-satisfaction, happiness, and optimism) as a moderator. Using a nationwide survey of 3,757 respondents from 21 different municipalities, the results show that optimism played the role of moderator, thus evidencing that psychological variables should be taken into account when trying to understand regional economic development.
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A