期刊名称:Birkbeck Working Papers in Economics and Finance / School of Economics, Mathematics and Statistics, Birkbeck College
印刷版ISSN:1745-8587
出版年度:2009
卷号:2009
出版社:London University
摘要:In the last 20 years, social capital, has been evoked in several field of social
science research and used to explain a vast range of phenomena: political
participation, institution performance, corruption, economic success of
countries and so on. Unfortunately, dealing with social capital at a scientific
level presents, at least, three main problems. First social capital’s definition
is still elusive, especially due to its multi-dimensional nature. Second, it is
a particular form of capital related to a very high level of intangibility.
Finally, because of lack of suitable data there is neither a universal
measurement method, nor a single underlined indicator commonly accepted by the
literature. These are some of the reasons for which social capital measures are
considered as proxies. By using the density of workers within industrial
districts, we have constructed an alternative proxy to those that already exist
in the literature in order to empirically analyse the difference, in terms of
economic performance, across the Italian regions. The methodology we have
applied to derive the index is identical to that one used to construct the
Putnam’s instrument. Empirical evidence shows that our measure does not affect
macroeconomic indicators such as investment and income per capita. However, it
significantly influences unemployment disparities, and the level of innovation