particular, it challenges theories that seek to explain cross-country growth differences over time. Those theories that claim … that institutions have a first-order effect on growth cannot explain the persistent economic decadence of a country that in … 1930 was among the most institutionally advanced in Latin America. Theories that claim that that education and growth …

development implications. The present study is an attempt to investigate the relationship of trust with economic growth and human …. Our findings suggest that trust is not significantly associated with economic growth. However, it shows a positive and … significant effect on human development. Hence, instead of having direct effect on economic growth, trust may affect economic …