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Trade, trust and institutions
Yu, Shu; Haan, Jakob de; Beugelsdijk, Sjoerd - 2011
To investigate the relation between trust and formal institutions, we analyze bilateral trade patterns in a sample of 16 European countries between 1996-2009. Trust in trading partners has a significant positive effect on bilateral trade. However, our results suggest that trust and formal...
Persistent link: https://www.econbiz.de/10009300684
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The impact of consumer protection in the digital age : evidence from the European Union
Rösner, Anja; Haucap, Justus; Heimeshoff, Ulrich - 2020
We investigate the effect of an EU-wide consumer protection regulation on consumer trust as well as consumer behavior. The Unfair Commercial Practice Directive (UCPD) was implemented by EU member states between 2007 and 2010. We utilize data from the Special and Flash Eurobarometer for the years...
Persistent link: https://www.econbiz.de/10012157233
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Trust in public institutions over the business cycle
Stevenson, Betsey; Wolfers, Justin - 2011
the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial … sector. Finally, analysis of several repeated cross-sections of confidence within U.S. states yields similar qualitative … patterns, but much smaller magnitudes in response to state-specific shocks. -- trust ; institutions ; confidence ; survey data …
Persistent link: https://www.econbiz.de/10009011131
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Early-life circumstances predict measures of trust among adults : evidence from hunger episodes in post-war Germany
Hörl, Maximiliane; Kesternich, Iris; Smith, James P.; … - 2016
Can a major shock in childhood permanently shape trust? We consider a hunger episode in Germany after WWII and construct a measure of hunger exposure from official data on caloric rations set monthly by the occupying forces providing regional and temporal variation. We correlate hunger exposure...
Persistent link: https://www.econbiz.de/10011540782
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Joint confidence sets for structural impulse responses
Inoue, Atsushi; Kilian, Lutz - 2016
bootstrap, allowing the construction of asymptotically valid joint confidence sets for any subset of structural impulse … represent the joint confidence sets in the form of "shotgun plots" rather than joint confidence bands for impulse response … functions. Several empirical examples demonstrate that this approach not only conveys the same information as confidence bands …
Persistent link: https://www.econbiz.de/10011421682
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Evolutionary norm enforcement
Güth, Werner; Ockenfels, Axel - 2000
Applying an indirect evolutionary approach with endogenous preference formation, we show that a legal system can induce players to reward trust even if material incentives dictate to exploit trust. By analyzing the crowding out or crowding in of trustworthiness implied by various verdict rules,...
Persistent link: https://www.econbiz.de/10009781609
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Political entrenchment and GDP misreporting
Chan, Ho Fai; Frey, Bruno S.; Skali, Ahmed; Torgler, Benno - 2019
By examining discrepancies between officially reported GDP growth figures and the actual economic growth implied by satellite-based night time light (NTL) density, we investigate whether democracies manipulate officially reported GDP figures, and if so, whether such manipulation pays political...
Persistent link: https://www.econbiz.de/10012022263
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Measuring ethnic stratification and its effect on trust in Africa
Hodler, Roland; Srisuma, Sorawoot; Vesperoni, Alberto; … - 2018
We define and axiomatically characterize an index of ethnic stratification that measures the extent to which the hierarchy in socio-economic positions across the individuals of a society follows ethnolinguistic lines. This index generalizes the idea of between-group inequality to situations...
Persistent link: https://www.econbiz.de/10011942823
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Determinants of trust : the role of personal experiences
Schwerter, Frederik; Zimmermann, Florian - 2019
Social interactions pervade daily life and thereby create an abundance of social experiences. Such personal experiences likely shape what we believe and who we are. In this paper, we ask if and how personal experiences from social interactions determine individuals' inclination to trust others?...
Persistent link: https://www.econbiz.de/10011987073
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Trust, investment and competition : theory and evidence from German car manufacturers
Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2019
Based on data from a comprehensive benchmarking study on buyer-supplier relationships in the German automotive industry, we show that more trust in a relationship is associated with higher idiosyncratic investment by suppliers and better part quality - but also with more competition among...
Persistent link: https://www.econbiz.de/10012026390