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Bank Foundations, Social Capital, and the Growth of Italian Provinces

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  • Giorgio Calcagnini

    (Department of Economics, Society, and Politics Universita' di Urbino Carlo Bo)

  • Germana Giombini

    (Department of Economics, Society, and Politics Universita' di Urbino Carlo Bo)

  • Francesco Perugini

    (Department of Economics, Society, and Politics Universita' di Urbino Carlo Bo
    Indiana University, Kelly School of Business, Bloomington US, Univ. Politecnica Marche and MoFiR)

Abstract

The funding role of Bank Foundations in the Italian economy, especially to the non-profit sector, significantly increased over the last twenty-five years. By means of a novel measure of social capital, our paper evaluates the contribution of Bank Foundations to the economic development of Italian provinces. Our findings suggest that Bank Foundations positively affect social capital and the economic growth of provinces.

Suggested Citation

  • Giorgio Calcagnini & Germana Giombini & Francesco Perugini, 2016. "Bank Foundations, Social Capital, and the Growth of Italian Provinces," Mo.Fi.R. Working Papers 131, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    • Handle: RePEc:anc:wmofir:131
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    Cited by:

    1. Giorgio Calcagnini & Francesco Perugini, 2019. "A Well-Being Indicator for the Italian Provinces," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(1), pages 149-177, February.
    2. Calcagnini, Giorgio & Perugini, Francesco, 2019. "Social capital and well-being in the Italian provinces," Socio-Economic Planning Sciences, Elsevier, vol. 68(C).
    3. Daria Denti & Alessandro Crociata & Alessandra Faggian, 2021. "Knocking on Hell’s door. Dismantling hate with cultural consumption," Papers in Evolutionary Economic Geography (PEEG) 2131, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2021.

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    More about this item

    Keywords

    Bank Foundations; social capital; economic growth;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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