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.
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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, Well-Being, and Poverty - - - General
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
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