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

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  • Giuseppe Terzo

Abstract

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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  • Giuseppe Terzo, 2022. "Investigating the link between social cooperation sector and economic well‐being of Italian provinces through the lens of social capital," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(4), pages 1041-1062, December.
    • Handle: RePEc:bla:annpce:v:93:y:2022:i:4:p:1041-1062
    DOI: 10.1111/apce.12349
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