Published in:Bank of Italy Temi di Discussione (Working Paper) ; No. 959
Extent:
1 Online-Ressource (55 p)
Language:
English
DOI:
10.2139/ssrn.2464512
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 24, 2014 erstellt
Description:
Transfers can do good; however, they can also result in massive failures. This paper presents a model that highlights the ambiguous nature of the impact of transfers on local endowments of social capital. It then describes an empirical investigation that illustrates that the receipt of EU structural funds causes a deterioration of the endowments of trust and cooperation in the subsidized regions