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In this paper we develop a new empirical approach to uncovering the impact of social attitudes on economic development. We first show that trust of second-generation Americans is significantly influenced by the country of origin of their forebears. In the spirit of the epidemiology literature,...
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mean by confidenceʺ, what the differences between optimism and confidence are and how the onset of confidence can possibly … be explained. Also, we analyze the economic effects of a lack of or the erosion of confidence. The paper intends to … provide a comprehensive view on the major effects of confidence on economic growth, the business cycle, its relation to income …
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