We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian … endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty … countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities …

We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian … endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty … countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities …

political institutions) towards economic growth. Utilizing the World Value Survey (WVS)’s trust variable that has often been … studies, this study shows that WVS’ trust data suffer severe missing observation problem and the panel fixed effect estimation … of social capital beyond the WVS trust indicator. The results also indicate that political institutions effect on growth …

This survey reviews the recent research on trust, institutions, and economic development. It discusses the various … measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms that … explain the influence of trust on economic performance and the methods employed to identify the causal impact of trust on …

Intrinsically trustworthy agents never cheat. A society's willingness to trust and the quality of its institutions have … trustworthiness is important for output per capita and that the effect of trust is likely to come from trustworthiness. …