Measuring Social Capital: Culture as an Explanation of Italy's Economic Dualism
AbstractThe paper presents a quantitative test of the oft-repeated view that Italy's backward and poor South suffered from low "social capital", a tendency to defect from co-operative engagements. The problem with such assertions is that they run the risk of taking as evidence in favour of the hypothesis the very observations that need to be explained. The analysis carried out in this work tries to break out of this impasse by analyzing the conditions under which it was ex ante welfare-improving for farmers in early 20th century Italy to join an unlimited liability rural co-operative bank which would give them access to cheaper credit but also exposed them to the risk of their neighbours' defection.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 553.
Length: 37 pages
Date of creation: 2000
Date of revision:
POVERTY ; CULTURE ; SOCIAL CAPITAL;
Find related papers by JEL classification:
- I30 - Health, Education, and Welfare - - Welfare and Poverty - - - General
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
- I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Timothy Besley & Stephen Coate & Glenn Loury, 1992.
"The Economics of Rotating Savings and Credit Associations,"
Boston University - Institute for Economic Development
24, Boston University, Institute for Economic Development.
- Besley, Timothy & Coate, Stephen & Loury, Glenn, 1993. "The Economics of Rotating Savings and Credit Associations," American Economic Review, American Economic Association, vol. 83(4), pages 792-810, September.
- Besley, T. & Coate, S. & Loury, G., 1992. "The economics of Rotating Savings and Credit Associations," Papers 157, Princeton, Woodrow Wilson School - Development Studies.
- Besley, T. & Coate, S. & Loury, G., 1990. "The Economics Of Rotating Savings And Credit Associations," Papers 149, Princeton, Woodrow Wilson School - Development Studies.
- Besley, T. & Coate, S. & Loury, G., 1990. "The Economics Of Rotating Savings And Credit Associations," Working papers 556, Massachusetts Institute of Technology (MIT), Department of Economics.
- Edward L. Glaeser & David Laibson & Jose A. Scheinkman & Christine L. Soutter, 1999.
"What is Social Capital? The Determinants of Trust and Trustworthiness,"
Harvard Institute of Economic Research Working Papers
1875, Harvard - Institute of Economic Research.
- Edward L. Glaeser & David Laibson & Jose A. Scheinkman & Christine L. Soutter, 1999. "What is Social Capital? The Determinants of Trust and Trustworthiness," NBER Working Papers 7216, National Bureau of Economic Research, Inc.
- Banerjee, Abhijit V & Besley, Timothy & Guinnane, Timothy W, 1994.
"Thy Neighbor's Keeper: The Design of a Credit Cooperative with Theory and a Test,"
The Quarterly Journal of Economics,
MIT Press, vol. 109(2), pages 491-515, May.
- Guinnane, T. & Banerjee, A. & Besley, T., 1993. "Thy Neighbor's Keeper: the Design of a Credit Cooperative with Theory and a Test," Papers 705, Yale - Economic Growth Center.
- Basu, Kaushik, 1995. "Civil institutions and evolution: Concepts, critique and models," Journal of Development Economics, Elsevier, vol. 46(1), pages 19-33, February.
- Polsi, Alessandro, 1996. "Financial institutions in nineteenth-century Italy. The rise of a banking system," Financial History Review, Cambridge University Press, vol. 3(02), pages 117-137, October.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helen Neal).
If references are entirely missing, you can add them using this form.