Social capital, social economy and economic resilience of Italian provinces

Terzo, Giuseppe

doi:10.1111/pirs.12618

Cited by 14 publications

(8 citation statements)

References 122 publications

(218 reference statements)

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“…Important policy efforts have been made to reduce the divide, with limited results (Dunford, 2002). Italy has also been investigated in a number of regional resilience analyses (Cainelli et al, 2019; Cellini & Torrisi, 2014; Di Caro, 2015, 2017; Terzo, 2021). Moreover, the country was seriously affected both by the public finance crisis that followed the GFC of 2007–2008 (Moro & Beker, 2016) and by the first wave of the pandemic in 2020 (Ascani et al, 2021).…”

Section: Literature Review and Backgroundmentioning

confidence: 99%

Economic resilience and regionally differentiated cycles: Evidence from a turning point approach in Italy

Duran

Fratesi

2023

Papers in Regional Science

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The literature on regional resilience often neglects the timing of recessions and simply uses national cycles.Region-specific cycles and turning points might bias the results, however, and affect the choice of regions to target with policies. This paper investigates the geography and determinants of regional resilience with a regional turning point approach, using data for Italy, a country with a wellknown and sizeable regional divide. The results show that the timing of regional cycles varies substantially and that the detected resilience determinants are different across the two approaches, implying that the policy levers may be wrongly estimated with national turning points.

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Section: Literature Review and Backgroundmentioning

confidence: 99%

Economic resilience and regionally differentiated cycles: Evidence from a turning point approach in Italy

Duran

Fratesi

2023

Papers in Regional Science

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“…On the one hand, economic decline as a result of an external shock might harm local product markets, the quality of services and amenities, and economic resilience, thus affecting the prospects of local quality of life. On the other hand, quality of life might foster regional competitiveness and resilience, especially in regions characterized by high social capital endowments [62]. Soft localization factors [63], including amenities [64] might be critical for the attraction of a highly skilled and creative labour force [65], entrepreneurs, firms in knowledge-intensive economic activities [25] and corporate headquarters.…”

Section: Economic Structure and Regional Resiliencementioning

confidence: 99%

Industrial Structure and Economic Resilience of Non-Metropolitan Regions: An Empirical Base for the Smart Specialization Policies

Ženka

Chreneková

Kokešová

et al. 2021

Land

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In this paper, we aim to describe and explain the regional disparities in economic resilience in Slovakia in the period 1997–2017. We focus on the effects of economic structure in combination with the vertical (potential accessibility) and horizontal geographical location. Since the early 1990s, Slovak (non-)metropolitan regions exhibited deep changes in the sectoral structure of the economy that were followed by sharp unemployment increases. Due to the FDI-fueled economic growth in the last two decades, however, considerable progress in regional economic growth and reduction in unemployment were was recorded. Therefore, Slovak non-metropolitan regions provide valuable lessons for the analysis of regional economic resilience in a long-term period. We ask if, and to what extent were, the prospects of regional renewal after economic crises associated with the geographical location, economic diversity, firm size and sectoral structure of the economy. We employed spatial regression models to test the effects of the potential accessibility, horizontal geographical location and industrial diversity, and sectoral (agriculture, manufacturing) and firm size structure. The dependent variable, Economic Resilience, was measured by the Regional Development Index, combining the indicators of demographic ageing, net migration, income per capita and registered unemployment rate. Potential accessibility and horizontal geographical location were the key predictors of regional economic resilience. Districts with tertiarized and diversified industrial and firm size structures scored, on average, higher in RDI than specialized districts with large firms and/or a high share of agriculture/manufacturing in total employment.

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“…An indicator of the density of social cooperatives might be less effective in discriminating between social cooperatives that generate social capital and those that operate for opportunistic and self-referential purposes. The number of employees is, in this sense, a better solution, given that the capacity of a social cooperative to generate social capital is also reflected in the degree of citizen involvement in its activities (Terzo, 2021).…”

Section: The Relationship Between Social Capital and Social Cooperati...mentioning

confidence: 99%

Investigating the link between social cooperation sector and economic well‐being of Italian provinces through the lens of social capital

Terzo

2021

Ann Public Coop Econ

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This paper investigates, through the lens of social capital, the contribution of social cooperation to the economic well‐being of Italian provinces. The empirical investigation is in two phases. First, I carry out a cross‐sectional analysis on data from 2015 to 2019 to verify whether social‐cooperation diffusion, expressed by social‐cooperative‐employee density, is positively related to a composite index of social capital. This analysis confirms the hypothesis that the diffusion of social cooperation effectively approximates the territorial social‐capital endowment. Second, I structure a panel data analysis for the period 2012 to 2017 to investigate the link between social cooperation as a source of social capital and the economic well‐being of Italian provinces. The results of this analysis corroborate the hypothesis—consistent with copious literature showing the positive role of social capital in the economic development processes—that social cooperation positively affects material living conditions through the generation of social value.

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Social capital, social economy and economic resilience of Italian provinces

Cited by 14 publications

References 122 publications

Economic resilience and regionally differentiated cycles: Evidence from a turning point approach in Italy

Economic resilience and regionally differentiated cycles: Evidence from a turning point approach in Italy

Industrial Structure and Economic Resilience of Non-Metropolitan Regions: An Empirical Base for the Smart Specialization Policies

Investigating the link between social cooperation sector and economic well‐being of Italian provinces through the lens of social capital

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