A Tale of an Unwanted Outcome: Transfers and Local Endowments of Trust and Cooperation

55 Pages Posted: 11 Jul 2014

See all articles by Antonio Accetturo

Antonio Accetturo

Bank of Italy

Guido de Blasio

Bank of Italy

Lorenzo Ricci

European Stability Mechanism

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

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

Antonio Accetturo (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Guido De Blasio

Bank of Italy ( email )

Via Nazionale 91
00184 Roma
Italy

Lorenzo Ricci

European Stability Mechanism ( email )

6a Circuit de la Foire Internationale
L-1347
Luxembourg

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
20
Abstract Views
327
PlumX Metrics