Cognitive Capitalism

Coyle, Thomas R.; Rindermann, Heiner; Hancock, Dale

doi:10.1177/0033294116659854

Cited by 21 publications

(2 citation statements)

References 36 publications

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“…Macro-level measures of trade freedom, labor freedom, and property rights have likewise been shown to moderate the relationship between ability and productivity in studies using country-level data. Consistent with cognitive capitalism theory, for instance, Coyle et al (2016) discovered that the ability−productivity relationship was strongest in countries exhibiting the highest levels of freedom. If estimating the certainty of being apprehended for a crime can be considered an ability, then it would make sense for the certainty −offending relationship to be more evident in countries with a stronger free market cultural ethos.…”

Section: Rational Choice Theorymentioning

confidence: 77%

The certainty–offending relationship as a function of a nation's free market cultural ethos

Walters

2021

European Journal of Criminology

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The current study sought to integrate aspects of classic strain and institutional anomie theories with concepts from deterrence and rational choice theories for application in a large sample of European respondents. Participants were 52,458 individuals (55% female, average age = 48 years) from the fifth round of the 27-country European Social Survey. Each participant rated their involvement in three relatively minor offenses (false insurance claims, buying stolen property, and traffic offenses) over the past five years along with their perceived certainty of getting caught and punished should they commit one or more of these prohibited acts. Each country's total 2010 Index of Economic Freedom score was also included in the study as a level 2 variable in a two-level multilevel modeling analysis. Consistent with predictions, participants from countries with higher Index of Economic Freedom scores displayed a significantly stronger connection between certainty of punishment and involvement in minor offending than participants from lower Index of Economic Freedom countries. An additional individual-level variable, the marketized mentality, was also included in the analysis and while it correlated with minor offending, it failed to interact with the Index of Economic Freedom or alter free market cultural ethos moderation of the certainty-offending relationship. These findings suggest that individuals living in a country with a strong free market cultural ethos are more apt to incorporate rational choice principles like certainty into their crime-related decisions than individuals residing in a country with a weaker free market cultural ethos.

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Section: Rational Choice Theorymentioning

confidence: 77%

The certainty–offending relationship as a function of a nation's free market cultural ethos

Walters

2021

European Journal of Criminology

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“…For example, the GII index has been considered an analytical tool for comparing countries' government policies. Indeed, Coyle et al (2016) studied the relationship between cognitive ability and economic productivity and freedom. They found that economic freedom significantly influences the relationship between local productivity and innovation measured by the GII index but a marginally significant relationship between national GDP and competitiveness.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Innovation on Economic Growth, Foreign Direct Investment, and Self-Employment: A Global Perspective

et al. 2023

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This paper aims to investigate the impact of innovation on three macroeconomic indicators: GDP, self-employment, and foreign direct investment (FDI). The study analyses a sample of 120 countries using the Global Innovation Index (GII) and its constituent sub-indices and pillars, which provide a holistic evaluation of national innovation. Gross domestic product (GDP) per capita measures a country’s economic output, self-employment assesses entrepreneurial activity, and FDI indicates confidence in a country’s economic prospects and innovation trends. This study analyzes the data using generalized-linear and panel-corrected standard-error models. The results show that innovation positively influences GDP, domestic institutional framework, local infrastructure, local knowledge and technology, and creative outputs. In contrast, innovation negatively correlates with domestic self-employment, often associated with necessity-driven entrepreneurship. The study concludes that innovation positively affects human resources, research, and creative outputs and has no significant impact on FDI. The findings suggest that a practical regulatory framework, institutional support, domestic human capital, research and development, infrastructure, technology, and creative outputs are essential for a vibrant economy. National innovation policies supporting the GII and its constituent factors can positively affect the economy while reducing self-employment.

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Cognitive ability and economic growth: how much happiness is optimal?

2022

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The cognitive human capital approach assumes that cognitive abilities (CA) enable societies to be innovative and competitive and to achieve higher productivity and prosperity. However, does happiness enhance the effect of CA on economic growth? Our study views happiness as an intrinsic motivator that helps workers be more productive and get the most out of their CA. Regression analyzes using two different measures for CA showed strong evidence that CA generated economic growth from 1960 to 2017, even though it interacted negatively with happiness. These results were found to be robust after controlling for endogeneity bias using instrumental variable for happiness. In addition, the threshold regression analyses revealed significant evidence that the relationships between CAs and growth vary according to happiness levels. Two prominent ranges of threshold were established: γ1 = 4.75–4.96 and γ2 = 6.16–6.43 on the 0 to 10 happiness scale. Accordingly, the effects of CA were smallest in very unhappy countries (happiness < γ1), strongest in fairly happy societies (happiness of γ1 − γ2), and moderately strong among the happiest countries (happiness ≥ γ2). In summary, the pursuit of highest productivity growth seems to require an optimal level of happiness, where moderate level of happiness (likely indicative of existence of higher motivation with little emotional distress) could inspire and drive people to fully utilize their cognitive capital and achieve high economic growth.

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Cognitive Capitalism

Cited by 21 publications

References 36 publications

The certainty–offending relationship as a function of a nation's free market cultural ethos

The certainty–offending relationship as a function of a nation's free market cultural ethos

The Impact of Innovation on Economic Growth, Foreign Direct Investment, and Self-Employment: A Global Perspective

Cognitive ability and economic growth: how much happiness is optimal?

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