Social capital, social economy and economic resilience of Italian provinces

This paper investigates the relationship between the social capital and economic resilience of Italian provinces during the Great Recession. It focuses on social economy organizations' internal and external relational dimensions to proxy forms of bonding and bridging social capital. Through an econometric analysis, I find that indicators depicting the diffusion of volunteering and cooperative employment are positively related to a measure of resilience, confirming the hypothesis that social capital can shape local reactions to crises. I also find a negative relationship between the local resilience and social cooperatives' density, highlighting how the latter indicator does not seize virtuous forms of social capital.