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The Legacy of History for Economic Development: The Case of Putnam's Social Capital

Guido de Blasio and Giorgio Nuzzo

No 591, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: Putnam (1993) argues that (i) center-northern Italy has developed faster than southern Italy because the former was better endowed with social capital; and (ii) that the endowments of social capital across Italian territories have been highly persistent over centuries. This paper provides an empirical investigation of Putnam�s case. To evaluate the relevance of social capital, we present a test based on worker productivity, entrepreneurship, and female labor market participation. Using as instruments regional differences in civic involvement in the late ninetieth century and local systems of government in the middle age, we show that social capital does have economic effects.

Keywords: Social Capital; Economic Development (search for similar items in EconPapers)
JEL-codes: D10 O10 Z10 (search for similar items in EconPapers)
Date: 2006-05
New Economics Papers: this item is included in nep-eff, nep-ent, nep-his, nep-hpe, nep-hrm and nep-soc
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_591_06

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