Social Indicators Research

, Volume 102, Issue 2, pp 333–350 | Cite as

Tolerance is Not Enough: The Moderating Role of Optimism on Perceptions of Regional Economic Performance

  • Miguel Pereira Lopes
  • Patricia Jardim da Palma
  • Miguel Pina e Cunha
Article

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 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.

Keywords

Tolerance Creative class Optimism Happiness Life-satisfaction 

Notes

Acknowledgments

The authors gratefully acknowledge the support of INTEC – Behavioral Technology Institute in making the data available for research purposes. We are also indebted to with Ana Monteiro for her help in managing the database.

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Copyright information

© Springer Science+Business Media B.V. 2010

Authors and Affiliations

  • Miguel Pereira Lopes
    • 1
  • Patricia Jardim da Palma
    • 2
  • Miguel Pina e Cunha
    • 1
  1. 1.Faculdade de EconomiaUniversidade Nova de LisbonLisbonPortugal
  2. 2.Instituto Superior de Psicologia AplicadaLisbonPortugal

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