Rethinking Territorial Capital

Territorial capital (TC) is often defined as a set of tangible and intangible values, of an economic, social and environmental nature, capable of determining the development potential of a territory. In this paper, two fundamental categories of TC factors are identified. The first (generative factors) includes human capital and social capital which together significantly influence individual and collective action. The material and immaterial effects induced by this category of TC take the form of structures, infrastructures, productive and governmental structures, artistic expressions, and the cultural heritage and constitute the second category of TC factors (here defined as sedimented factors). Measuring and assessing these two categories, here applied to the case of provinces in Italy, could allow the formulation of key policy suggestions for economic growth and territorial development. The preliminary results provide useful information about the methodological framework adopted and pose new questions for future research developments.