Social capital and well-being in the Italian provinces |
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Institution: | 1. Department of Economics, Society, and Politics, Università di Urbino Carlo Bo, Via Saffi 42, 61029 Urbino, Italy, and Mo.Fi.R., Ancona, Italy;2. Centre for Innovation and Entrepreneurship, Università Politecnica delle Marche, Via Brecce Bianche 12, 60131 Ancona, Italy |
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Abstract: | Recent years witnessed a growing interest in the concept of well-being and quality of life, as alternative to the Gross Domestic Product (GDP). The determinants of well-being, especially at the regional and provincial levels, is understudied in a macro perspective, as opposed to a micro perspective (individuals, survey data) that has been the dominant approach until recently. In this paper, we estimate an empirical model for the Italian NUTS-3 provinces to evaluate the role of social capital on well-being by using aggregated (provincial) data. Our findings suggest that social capital, social security programs, income, and grant-making activities by Bank Foundations, even though not uniformly distributed across Italy, positively affect well-being, thus contributing to explain the persistent dualism that characterizes the Italian economy. |
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Keywords: | Well-being Social capital Italian provinces Territorial disparities I31 R11 C31 |
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