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Persistent link: https://www.econbiz.de/10003985837
Economic growth is propelled in part by the accumulation of different kinds of capital, including social capital in its several guises. This paper considers the interplay between financial crises and various aspects of social capital which, if it is allowed to depreciate, can undermine economic...
Persistent link: https://www.econbiz.de/10011288794
social capital as measured by interpersonal and institutional trust in post-reunification Germany. We estimate the economic …
Persistent link: https://www.econbiz.de/10011308454
suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the … lack of trust between trading partners, e.g. because of cultural differences and habits, or because of insufficient …
Persistent link: https://www.econbiz.de/10011334351
' Union, Women's Union, etc.) and other voluntary organizations, trust, and the significance of family ties in economic … Communist Party membership, trust and access to informal insurance. …
Persistent link: https://www.econbiz.de/10011336547
We show that the standard trust question routinely used in social capital research is importantly related to … others cooperation. We find that the standard trust question is a proxy for cooperation preferences rather than beliefs about … others cooperation. Moreover, we show that the fairness question , a recently proposed alternative to the standard trust …
Persistent link: https://www.econbiz.de/10011344859
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 …
Persistent link: https://www.econbiz.de/10011326961
Persistent link: https://www.econbiz.de/10010528375
high growth, but based on a simple stylized model of government behavior the expectation is that mainly high trust … countries provides support for this expectation. The difference in fiscal policies depending on government trust levels may help … explaining why better governed countries have been found to have less severe business cycles. It suggests that trust and …
Persistent link: https://www.econbiz.de/10009764994
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