English title: A tale of an unwanted outcome: Transfers and local endowments of trust and cooperation
Author(s): Antonio Accetturo - Guido de Blasio - Lorenzo Ricci -
Type: Journal article
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.
From page no: 74
To page no: 89
Journal: Journal of Economic Behavior and Organization