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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 …
Persistent link: https://www.econbiz.de/10009520657
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 …
Persistent link: https://www.econbiz.de/10009566413
This paper analyzes the intertemporal variation of trust on economic growth. Constructing a unique global country panel … between trust and growth. 2 Thisrelationship corroborates earlier panel data results but challenges findings that posit a … general positive relationship between trust and growth. Only a minority of global economies can attain a position close to or …
Persistent link: https://www.econbiz.de/10014446570
In Europe differences among countries in the overall change in happiness since the early 1980s have been due chiefly to the generosity of welfare state programs - increasing happiness going with increasing generosity and declining happiness with declining generosity. This is the principal...
Persistent link: https://www.econbiz.de/10013502264
Following the ambiguous results in the literature aimed at understanding the empirical link between fiscal federalism and economic growth, this paper revisits the question using a Bayesian Model Averaging approach. The analysis suggests that the failure to appropriately account for model...
Persistent link: https://www.econbiz.de/10009777597
Following the ambiguous results in the literature aimed at understanding the empirical link between fiscal federalism and economic growth, this paper revisits the question using a Bayesian Model Averaging approach. The analysis suggests that the failure to appropriately account for model...
Persistent link: https://www.econbiz.de/10009786223
Economic freedom and economic growth can be connected in most countries, but it is often necessary to specify those aspects of economic freedom that can foster economic growth. This paper examines the nexus between economic freedom and economic growth in the Least Developed Countries (LDCs)...
Persistent link: https://www.econbiz.de/10014427512
diverse individuals lived far apart, have higher-quality government, higher incomes and higher levels of trust. …
Persistent link: https://www.econbiz.de/10011747456
morality affects growth is direct or indirect through generalized trust. The findings reveal that generalized morality is … correlated with economic growth, but its effect is manifested primarily through generalized trust when economic institutions are …
Persistent link: https://www.econbiz.de/10013075523
Persistent link: https://www.econbiz.de/10010227838