Bank Foundations, Social Capital, and the Growth of Italian Provinces

Giorgio Calcagnini, Germana Giombini and Francesco Perugini

No 131, Mo.Fi.R. Working Papers from Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences

Abstract: The funding role of Bank Foundations in the Italian economy, especially to the non-profit sector, significantly increased over the last twenty-five years. By means of a novel measure of social capital, our paper evaluates the contribution of Bank Foundations to the economic development of Italian provinces. Our findings suggest that Bank Foundations positively affect social capital and the economic growth of provinces.

Keywords: Bank Foundations; social capital; economic growth (search for similar items in EconPapers)
JEL-codes: C13 G23 O47 R11 (search for similar items in EconPapers)
Pages: 29
Date: 2016-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Bank Foundations, Social Capital, and the Growth of Italian Provinces (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:anc:wmofir:131

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