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We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian … endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty … countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities …
Persistent link: https://www.econbiz.de/10010561159
We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian … endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty … countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities …
Persistent link: https://www.econbiz.de/10010541452
We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian … endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty … countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities …
Persistent link: https://www.econbiz.de/10010318411
We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian … endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty … countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities …
Persistent link: https://www.econbiz.de/10010322193
-colonial state show significantly higher levels of trust in current day institutions. …
Persistent link: https://www.econbiz.de/10012145141
-colonial state show significantly higher levels of trust in current day institutions. …
Persistent link: https://www.econbiz.de/10011935959
The two sides of envy, destructive and constructive, give rise to qualitatively different equilibria, depending on the economic, institutional, and cultural environment. If investment opportunities are scarce, inequality is high, property rights are poorly protected, and social comparisons are...
Persistent link: https://www.econbiz.de/10010925715
We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian … endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty … countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities …
Persistent link: https://www.econbiz.de/10009520657
We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian … endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty … countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities …
Persistent link: https://www.econbiz.de/10009566413
political institutions) towards economic growth. Utilizing the World Value Survey (WVS)’s trust variable that has often been … studies, this study shows that WVS’ trust data suffer severe missing observation problem and the panel fixed effect estimation … of social capital beyond the WVS trust indicator. The results also indicate that political institutions effect on growth …
Persistent link: https://www.econbiz.de/10011258083