investing can improve risk-adjusted returns, finding the results to be mixed and contextual; and (4) we show that American trust …

-country differences in informal institutions, measured by social trust. We note a number of theoretical mechanisms that could imply that … similar objective problems are more likely to be effectively dealt with in higher-trust societies. A set of panel estimates … and growth problems in low-trust countries. This finding sheds light on the differential market reactions to economic …

The paper extends Breggren et al. (2008, EE) on "trust and growth: a shaky relationship" by incorporating recent … developments in the trust-growth literature and using a robust methodological underpinning that accounts for the presence of … documented positive trust-growth nexus is broadly confirmed. Secondly, when initial levels of growth come into play in …

Since trust correlates with economic development and in turn economic development associates with political regime, we … conjecture that there may be a relationship between trust and political regime. We investigate if trust aggregated on the country …