have been identified. However, the impact of trust on reforms has so far never been addressed. We provide theoretical … arguments why trust should influence institutional changes and test the relationship empirically. We find a significant positive … relation between trust and reforms with regard to government size, the legal system, and deregulation of private businesses and …

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 …

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 …

In this paper we test the effect of trust on the choice of child care technology. We estimate individual-level trust as …). Compared to other measures of trust, using this technique has several advantages: It makes more efficient use of information by … to trust using data from the European Social Survey, we analyze their personal, demographic, and regional determinants …

We establish an inverse relationship between family ties, generalized trust and political participation. The more … political participation. The latter, together with trust, are part of what is known as social capital, therefore in this paper …

performance appraisal systems, monitoring by supervisors, autonomy to organize the work) and individuals' inclination to trust … others. Trust is measured by the general trust question like in most other economic studies based on surveys. We find that … negatively related to trust. Moreover, we contribute to the literature on trust by gathering hints to other potential …

A vast literature has investigated the relationship between trust and aggregate economic performance. We investigate … the relationship between individual trust and individual economic performance. We find that individual income is hump …-shaped in a measure of intensity of trust beliefs available in the European Social Survey. We show that heterogeneity of trust …

The paper examines the effects of political trust on fiscal consolidations. Building on the works of Easton (1965) and … be affected by the level of political trust in the system. The predictions of the theory are tested quantitatively based … pressures lasting fiscal consolidations can take place only in a high-trust regime. In a low-trust regime even if an external …

In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low … total of 312 observations, this paper detects a structural break in citizens’ trust in the ECB. The paper confirms that … during the pre-crisis period, citizens’ trust in the ECB was driven by economic growth. In crisis time, however, trust in the …