Social capital, resilience, and regional diversification in Italy-Reference-Cited by-同舟云学术

Social capital, resilience, and regional diversification in Italy

Published:2020-11-28 Issue:3 Volume:30 Page:762-777
ISSN:0960-6491
Container-title:Industrial and Corporate Change
language:en
Short-container-title:

Author:

Antonietti Roberto¹^ORCID,Boschma Ron²³⁴

Affiliation:

1. Department of Economics and Management, University of Padova, Via del Santo 33, Padova 35123, Italy

2. Department of Human Geography and Planning, Utrecht University, Vening Meinesz building A, Princetonlaan 8a, 3584 CB Utrecht, The Netherlands

3. Stavanger Centre for Innovation Research, UiS Business School, University of Stavanger, Norway

4. National Research University Higher School of Economics, Moscow, Russia

Abstract

Abstract This article investigates the role of social capital for the entry and exit of industries in Italian provinces between 2004 and 2010. Results show that bridging social capital positively contributes to the net entry of new industries, especially when they are unrelated to existing specializations in a region, but it loses its impact on regional diversification during the economic crisis. Bonding social capital, instead, makes regions resilient in times of crisis, by reducing the probability of exit of industries. However, bonding social capital is also bad for regional resilience, as it keeps on having a negative impact on the entry of new industries in regions during an economic downturn.

Publisher

Oxford University Press (OUP)

Subject

Economics and Econometrics

Link

http://academic.oup.com/icc/article-pdf/30/3/762/40791519/dtaa052.pdf

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