Download This PaperA Tale of an Unwanted Outcome: Transfers and Local Endowments of Trust and Cooperation
55 Pages Posted: 11 Jul 2014
Date Written: April 24, 2014
Abstract
Transfers can do good; however, they can also result in massive failures. This paper presents a model that highlights the ambiguous nature of the impact of transfers on local endowments of social capital. It then describes an empirical investigation that illustrates that the receipt of EU structural funds causes a deterioration of the endowments of trust and cooperation in the subsidized regions.
Keywords: social capital, political economy, regional transfers
JEL Classification: R1, D7, Z1
Suggested Citation: Suggested Citation
Accetturo, Antonio and de Blasio, Guido and Ricci, Lorenzo, A Tale of an Unwanted Outcome: Transfers and Local Endowments of Trust and Cooperation (April 24, 2014). Bank of Italy Temi di Discussione (Working Paper) No. 959, Available at SSRN: https://ssrn.com/abstract=2464512 or http://dx.doi.org/10.2139/ssrn.2464512
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