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Intrinsically trustworthy agents never cheat. A society's willingness to trust and the quality of its institutions have … trustworthiness is important for output per capita and that the effect of trust is likely to come from trustworthiness. …
Persistent link: https://www.econbiz.de/10004976964
accounts for differences in entrepreneurial activities. The findings suggest that trust measured by trust either in strangers …
Persistent link: https://www.econbiz.de/10010737906
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 …
Persistent link: https://www.econbiz.de/10010766380
trust and mitigate the negative macroeconomic effects associated with fractionalized societies. Our results are robust to …
Persistent link: https://www.econbiz.de/10010719861
Assuming that J. S. Mill and others are correct in their belief that trust matters for the economic performance of … nations, the determinants of trust become important. Section 2 discusses the sources of trust and briefly summarizes empirical … evidence. Section 3 builds on Fukuyama’s concept of the “radius of trust” to identify the type of trust which should be …
Persistent link: https://www.econbiz.de/10008753046
European Values Study dating back to the 1980s. Our results are twofold: Firstly, to confirm that trust has a significant …, 7 and 10 years following a period of trust measure). Secondly, associational activities – another measure in the … determinants of trust …
Persistent link: https://www.econbiz.de/10011194462
This survey reviews the recent research on trust, institutions and economic development. It discusses the various … measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms that … explain the influence of trust on economic performance and the methods employed to identify the causal impact of trust on …
Persistent link: https://www.econbiz.de/10011084699
We examine the effect of research and development (R&D) on long-term economic growth using the Bayesian model averaging (BMA) to deal rigorously with model uncertainty. Previous empirical studies investigated the effect of dozens of regressors on long-term growth, but they did not examine the...
Persistent link: https://www.econbiz.de/10010322301
We examine the effect of research and development (R&D) on long-term economic growth using the Bayesian model averaging (BMA) to deal rigorously with model uncertainty. Previous empirical studies investigated the effect of dozens of regressors on long-term growth, but they did not examine the...
Persistent link: https://www.econbiz.de/10009148924
trust is specific to legal institutions today. …
Persistent link: https://www.econbiz.de/10012624401