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Social Capital And Industrial District Development: The Role Of The Local Government

Author

Listed:
  • castagna alina

    (dmqte - university of chieti-pescara, management sciences)

  • colantonio emiliano

    (dmqte - university of chieti-pescara, management sciences)

  • furia donatella

    (dmqte - university of chieti-pescara, management sciences)

Abstract

The paper represent a theoretical attempt to investigate the role that the local government can play in improving the level of social capital for the development of industrial districts. The social capital is not, as generally suggested by the socio-economic literature, an individual attitude towards something which does not imply privately appropriable economic benefits, as it is for a pure public good (which would not imply privately appropriable benefits). Social capital should be interpreted as a public component of an investment which implies private and public benefits entangled with each other. Firms could not have sufficient incentive to increase its investment in social capital, because this investment strictly depends on the economic convenience of investing in the impure public good. Starting from this point of view, we underline the importance of investing local public resources (funds, time and effort) for the development of the local social capital.

Suggested Citation

  • castagna alina & colantonio emiliano & furia donatella, 2012. "Social Capital And Industrial District Development: The Role Of The Local Government," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 284-289, July.
    • Handle: RePEc:ora:journl:v:1:y:2012:i:1:p:284-289
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    File URL: http://anale.steconomiceuoradea.ro/volume/2012/n1/042.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    districts; social capital; local government aid;
    All these keywords.

    JEL classification:

    • H49 - Public Economics - - Publicly Provided Goods - - - Other
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • J39 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Other

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