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Socio-Cultural Variables and Economic Success: Evidence from Italian Provinces 1951-1991

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  • Peri Giovanni

    ()
    (Univeristy of California, Davis)

Abstract

Italy makes for an interesting case-study of the impact of socio-cultural variables on economic performance: under a common institutional framework differences in socio-cultural attitudes across Italian provinces correspond to large differences in their economic success. We analyze the effects of social variables on long-run provincial economic performance during Italy's era of economic take-off (1951-1991). Since socio-cultural traits in Italy are deeply rooted in local history and traditions, we argue that their persistence produces an (at least partly) exogenous determinant of economic prosperity. While we find rather weak evidence that civic involvement (Social Capital as defined in Putnam, 1993) fosters economic success, we do find strong evidence that the presence of organized crime (proxied by murder rates at the beginning of the period) is associated with low economic development, even after controlling for other economic and geographic factors.

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Bibliographic Info

Article provided by De Gruyter in its journal The B.E. Journal of Macroeconomics.

Volume (Year): 4 (2004)
Issue (Month): 1 (September)
Pages: 1-36

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Handle: RePEc:bpj:bejmac:v:topics.4:y:2004:i:1:n:12

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Cited by:
  1. Sabatini Fabio, 2007. "The empirics of social capital and economic development: A critical perspective," wp.comunite 0031, Department of Communication, University of Teramo.
  2. Duha Altindag, 2014. "Crime and International Tourism," Journal of Labor Research, Springer, vol. 35(1), pages 1-14, March.
  3. Caragliu, Andrea & Del Bo, Chiara, 2011. "Determinants of spatial knowledge spillovers in Italian provinces," Socio-Economic Planning Sciences, Elsevier, vol. 45(1), pages 28-37, March.
  4. Ramos, Miguel A. & Ashby, Nathan J., 2013. "Heterogeneous firm response to organized crime: Evidence from FDI in Mexico," Journal of International Management, Elsevier, vol. 19(2), pages 176-194.
  5. Sabatini, Fabio, 2009. "Work status and family planning: insights from the Italian puzzle," MPRA Paper 18851, University Library of Munich, Germany.
  6. Gaetano Lisi, 2010. "The Strange Case of Dr. “Unemployed” and Mr “Hidden” in Italy," Economics Bulletin, AccessEcon, vol. 30(4), pages 2802-2816.
  7. Ashby, Nathan J. & Ramos, Miguel A., 2013. "Foreign direct investment and industry response to organized crime: The Mexican case," European Journal of Political Economy, Elsevier, vol. 30(C), pages 80-91.
  8. Vittorio, Daniele & Ugo, Marani, 2008. "Organized Crime and Foreign Direct Investment: the Italian Case," MPRA Paper 7217, University Library of Munich, Germany.
  9. Capuano, Carlo & Purificato, Francesco, 2012. "The macroeconomic impact of organized crime: a neo-Kaleckian perspective," MPRA Paper 40077, University Library of Munich, Germany.
  10. Kyriakos C. Neanidis & Vea Papadopoulou, 2012. "Crime, Fertility, and Economic Growth: Theory and Evidence," Centre for Growth and Business Cycle Research Discussion Paper Series 163, Economics, The Univeristy of Manchester.
  11. Buonanno, Paolo & Pazzona, Matteo, 2014. "Migrating mafias," Regional Science and Urban Economics, Elsevier, vol. 44(C), pages 75-81.

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