Tolerance is not enough: the moderating role of optimism on perceptions of regional economic performance.

Miguel Pereira Lopes, Patrícia Jardim Palma, Miguel Pina e Cunha

Research output: Contribution to journalArticlepeer-review

10 Citations (Scopus)

Abstract

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 differ 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.
Original languageEnglish
Pages (from-to)333-350
JournalSocial Indicators Research
Volume102
Issue number2
DOIs
Publication statusPublished - 1 Jan 2011

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