Showing 1 - 10 of 185
Trust in the ECB, as measured by the standard Eurobarometer surveys has fallen to unprecedented lows - especially in … the larger euro area countries. We find that up to the start of the recession in 2008 trust in the ECB was little affected … by business cycle variables such as growth and even inflation. This changed radically with the recession, with trust in …
Persistent link: https://www.econbiz.de/10010270738
This paper reviews the state of confidence and trust in the Netherlands, with special attention to the financial sector …. An attempt has been made to identify the factors that determine individual trust and confidence and to uncover … connections between the various variables. Based on surveys over the period 2003-2006, the data show that interpersonal trust in …
Persistent link: https://www.econbiz.de/10010273615
Trust in financial institutions is of great importance for financial intermediation. Against this background, we study … two questions: Has trust in banks declined during the global financial crisis and what factors determine the level of … trust in banks? Employing survey evidence from Austrian households, we show that trust in banks is mainly affected by …
Persistent link: https://www.econbiz.de/10010273616
This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in … a laboratory one-shot trust game. To analyze these effects, we apply a 2x2 design. We induce group membership by letting …
Persistent link: https://www.econbiz.de/10010274073
The importance of political local coalitions in shaping local governance structures conducive to economic growth has been a subject of research for numerous years, both in rich economies as well as in emerging countries. In spite of such amount of research, little attention has yet been paid to...
Persistent link: https://www.econbiz.de/10011400161
The aim of this paper is to provide a closer look of the institutional development in educational system and its impact on economic growth. Accumulation of human capital and technological development are factors that are considered to be crucial for economic growth. Thus, investing in education,...
Persistent link: https://www.econbiz.de/10011920262
This paper examines the relationship between economic growth and the Small and Medium Enterprise (SME) sector for a panel of 503 Brazilian micro-regions for the period 1980-2004 using panel spatial econometrics. It investigates the importance of the SME sector size measured by the share of the...
Persistent link: https://www.econbiz.de/10011332414
We provide evidence that political instability deteriorates economic growth. We establish this result based on panel difference-in-differences strategies and dynamic panel data models using a large sample of 180 countries, a novel geocoded dataset for 2,660 regions, and micro data for about...
Persistent link: https://www.econbiz.de/10012287928
FDI from the European Union (EU) ranks before FDI from North America (NA) in some of the Latin American countries. We investigate the impact of EU- versus NA-FDI on the growth rate including about 50 controls. Country specific effects and parameter heterogeneity are incorporated in our...
Persistent link: https://www.econbiz.de/10010296038
This paper analyzes the duration of large economic declines and provides a theory of delayed recovery. First, we develop a formal political economy model that illustrates a simple mechanism of how weak constraints on the political executive can lead to longer declines in ethnically heterogeneous...
Persistent link: https://www.econbiz.de/10011301459