Arbeitspapier

Civic capital and the size distribution of plants: Short-run dynamics and long-run equilibrium

We characterize how the size distribution of plants, within narrowly defined industries, changed in Italy over a ten-year time span, and relate this to the stock of civic capital at the provincial level. Data on plant size come from the 1991 and 2001 Italian censuses. Civic capital turns out to have a positive effect on both the average and standard deviation of size. Looking at several precise points of the plant size distribution, we find that it shifts toward the right and becomes more dispersed where civic capital is high. The potential endogeneity of current civic capital is addressed by instrumenting it with historical variables. Our main conclusion is that the geographic variation in the stock of civic capital poses substantial constraints on plants' ability to expand. Understanding this is the key for the implementation of effective industrial policies.

Sprache
Englisch

Erschienen in
Series: Nota di Lavoro ; No. 81.2012

Klassifikation
Wirtschaft
Relation of Economics to Social Values
Organizational Behavior; Transaction Costs; Property Rights
Firm Objectives, Organization, and Behavior: General
Size and Spatial Distributions of Regional Economic Activity
Thema
Civic Capital
Cooperation
Opportunism
Plant Size Distribution
Trust

Ereignis
Geistige Schöpfung
(wer)
Bürker, Matthias
Minerva, G. Alfredo
Ereignis
Veröffentlichung
(wer)
Fondazione Eni Enrico Mattei (FEEM)
(wo)
Milano
(wann)
2012

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
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Objekttyp

  • Arbeitspapier

Beteiligte

  • Bürker, Matthias
  • Minerva, G. Alfredo
  • Fondazione Eni Enrico Mattei (FEEM)

Entstanden

  • 2012

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