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| Title: | | The Impact of Trust on Reforms  |
| Authors: | | Heinemann, Friedrich Tanz, Benjamin |
| Issue Date: | | 2008 |
| Series/Report no.: | | ZEW Discussion Papers 08-053 |
| Abstract: | | In a constantly changing economic environment a country's ability to undertake institutional reforms is crucial to maintain economic growth and to promote the welfare of its citizens. A wide range of determinants for institutional reforms have been identified. However, the impact of trust on reforms has so far never been addressed. We provide theoretical arguments why trust should influence institutional changes and test the relationship empirically. We find a significant positive relation between trust and reforms with regard to government size, the legal system, and deregulation of private businesses and the labor market. The results in other policy fields are ambiguous. |
| Subjects: | | Trust Economic Freedom Policy Reforms |
| JEL: | | E60 H11 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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