Beugelsdijk, Sjoerd; Groot, Henri L.F. de; Schaik, … - Tinbergen Instituut - 2002
paper, Knack and Keefer (1997) assess the effect of trust on growth. This paper analyses the robustness of their results … the relationship between trust and growth in terms of both the size and the significance of the estimated effect, is … highly dependent on the set of conditioning variables. An answer to the question whether there is an economic payoff of trust …