Measuring Social Capital: Evidence from Italy

Micucci, Giacinto; Nuzzo, Giorgio

doi:10.2139/ssrn.2160456

Cited by 6 publications

(2 citation statements)

References 8 publications

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“…Each year the amount of research on social capital has grown exponentially (Engbers, Thompson and Slaper, 2017), raising the question of measurement, taking into consideration the term of "capital" included in the theoretic concept of social capital itself (Micucci and Nuzzo, 2003). It also leads to a stretch of criticism both from sociologists and economists alike, the first ones binding it to over-simplification of a situational and dynamic concept, while latter -mostly in relation with the use of the term "capital" in it (Piselli, 2000;Solow, 1999).…”

Section: Various Ways Of Social Capital Measurement and Its Socio-eco...mentioning

confidence: 99%

International Scientific Conference "New Challenges in Economic and Business Development – 2023: Recovery and Resilience" : Proceedings

2023

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The past decade, the crowdfunding market was growing rapidly in the European Union, including Latvia. At the same time, crowdfunding had remained unregulated domain until the European Union Regulation on European crowdfunding service providers for business (henceforth -the Regulation) was passed in October, 2020, giving the Member States one year for its adoption, and additional one year for crowdfunding service providers for authorising under the Regulation. Nevertheless, by the end of 2022, there was only one licensed crowdfunding service provider managed by Latvian legal entity. Considering this, the goal of the study is to explore why the majority of existing crowdfunding platforms, managed by legal entities registered in Latvia, has not authorised itself under the Regulation. To achieve the goal, the methodology of the study combines in-depth analysis of the Regulation with an explanatory case study of crowdfunding platforms managed by Latvian legal entities. Having considered nine platforms managed by Latvian legal entities, the results of the study show that four biggest Latvian platforms have authorized themselves as investment firms. Among other platforms which are unlicensed for the time being, there could be only one potential candidate to extend the list of crowdfunding service providers authorised under the Regulation. The conclusion was made considering the business models of the providers, and presence or absence of an auto-investing function, which was restricted by the Regulation. An implication of the obtained results is the possibility that the research will serve as a base for future studies on the Regulation's effect on the European crowdfunding industry.

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Section: Various Ways Of Social Capital Measurement and Its Socio-eco...mentioning

confidence: 99%

International Scientific Conference "New Challenges in Economic and Business Development – 2023: Recovery and Resilience" : Proceedings

2023

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“…Considered variables are summarized in Table 4 and they are meant to measure each dimension of social capital with the constraint of having yearly observation at NUTS3 level. Into details, this is the mapping between each dimension of social capital and considered variables: personal relationships: number of suicides per 100 000 inhabitants (Micucci & Nuzzo, 2012); share of population aged 15-29 which is not in employment, education and training (Gannon & Roberts, 2020); cooperative norms and trust: number of partners of cooperatives (mutual societies) per 100 000 inhabitants (Micucci & Nuzzo, 2012;); social network support: share of population aged above 65 benefitting from public elderly care and services (ease of access to service) ; share of population aged below 3 benefitting from public nursery (ease of access to service) ; civic engagement: selective garbage collection on the total amount of garbage weighted by the quality of the environmental policy of local governments Micucci & Nuzzo, 2012); number of protests per 100 000 inhabitants (Fini et al, 2011;Sabatini, 2007) Factor Table 7 shows the rotated factor loadings in the PCA for each factor. Rotation allows to have reduced concerns of factors that are correlated to each other, and it is recommended when identifying variables to create indexes as in the present case (Hamilton, 2013).…”

Section: Social Capital Index: Principal Component Analysis (Pca)mentioning

confidence: 99%

Knocking on Hell’s door: dismantling hate with cultural consumption

2022

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How local cultural activities influence development and human behaviour is gaining popularity. Experimental evidence shows that cultural consumption is effective in countering hate. This is crucial, as hate, in turn, has a negative influence on the socioeconomic performance of places. Still, little is known on this, outside few more qualitative case studies. This paper provides a quantitative analysis of the impact of cultural consumption on hate events in the Italian NUTS3 regions. IV estimation using a unique longitudinal database, with georeferenced hate manifestations and a population-based measure for cultural consumption, shows that cultural consumption determines a reduction in hate events. Our findings support the idea that cultural change acts as key enabling factor for people open-mindedness and place inclusiveness. Our results hold after various robustness checks, suggesting the need for policy interventions promoting cultural consumption also to accomplish more tolerant communities.

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Space–time analysis of entrepreneurial ecosystems

Perugini

2022

J Technol Transf

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Measuring Social Capital: Evidence from Italy

Cited by 6 publications

References 8 publications

International Scientific Conference "New Challenges in Economic and Business Development – 2023: Recovery and Resilience" : Proceedings

International Scientific Conference "New Challenges in Economic and Business Development – 2023: Recovery and Resilience" : Proceedings

Knocking on Hell’s door: dismantling hate with cultural consumption

Space–time analysis of entrepreneurial ecosystems

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