A tale of an unwanted outcome: transfers and local endowments of trust and cooperation

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.

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Year of publication:	2014-04
Authors:	Accetturo, Antonio ; Blasio, Guido de ; Ricci, Lorenzo
Institutions:	Banca d'Italia
Subject:	social capital \| political economy \| regional transfers

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Extent:	application/pdf
Series:	Temi di discussione (Economic working papers).
Type of publication:	Book / Working Paper
Notes:	Number 959
Classification:	R1 - General Regional Economics ; D7 - Analysis of Collective Decision-Making ; Z1 - Cultural Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011099723