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This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust … and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms and the methods … employed to identify the causal impact of trust on economic performance are reviewed. We document the mechanisms of …
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institutions. We review work with a theoretical, empirical, and historical bent to assess the presence of a two-way causal effect … between culture and institutions. …
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