Neighborhood Social Capital, Social Innovation and Neighborhood Satisfaction in South Korea
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This study investigates how individual neighborhood social capital and neighborhood social innovation affect neighborhood satisfaction. We analyze data from the Korea Social Enterprise Promotion Agency’s “Local resource survey to build a social economy and local ecosystem”, collected in 2020, using ordinal logistic regression. The results show that among the social capital variables, sense of community, neighborhood cohesion and social trust positively affect neighborhood satisfaction whereas neighborhood participation has no significant effect. In addition, it was confirmed that the more active the social innovation, the main driving force of the social economy, the higher the neighborhood satisfaction. The results suggest that the reinforcement of neighborhood social capital and social innovation should be pursued from the perspective of a wide range of goals of improving the quality of life of residents. In particular, if social innovation is carried out in a way that connects local needs and social capital, not only will neighborhood satisfaction improve, but a more harmonious community can be formed.
Abstract
This study investigates how individual neighborhood social capital and neighborhood social innovation affect neighborhood satisfaction. We analyze data from the Korea Social Enterprise Promotion Agency’s “Local resource survey to build a social economy and local ecosystem”, collected in 2020, using ordinal logistic regression. The results show that among the social capital variables, sense of community, neighborhood cohesion and social trust positively affect neighborhood satisfaction whereas neighborhood participation has no significant effect. In addition, it was confirmed that the more active the social innovation, the main driving force of the social economy, the higher the neighborhood satisfaction. The results suggest that the reinforcement of neighborhood social capital and social innovation should be pursued from the perspective of a wide range of goals of improving the quality of life of residents. In particular, if social innovation is carried out in a way that connects local needs and social capital, not only will neighborhood satisfaction improve, but a more harmonious community can be formed.
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