Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/56888 
Autor:innen: 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Jena Economic Research Papers No. 2010,080
Verlag: 
Friedrich Schiller University Jena and Max Planck Institute of Economics, Jena
Zusammenfassung: 
This paper analyses the hypothesis that the robust relationship between trust - as measured by the World Values Survey's question 'In general, do you think that most people can be trusted, or that you can't be too careful in dealing with people?' - and economic growth, established by empirical macroeconomic growth literature (Knack & Keefer, 1997; Zak & Knack, 2001; Beugelsdijk, de Groot, & van Schaik, 2004; Dearmon & Grier, 2009) in fact captures the well-functioning of institutions. Our results reveal that the correlation between trust and economic growth is robust in terms of statistical significance and sign of the estimated coefficient, when controling for the respondents' perceived well-functioning of institutions. While underlining the existing empirical evidence that trust matters in explaining differences in economic performance, our results also show that this influence is largely independent of institutional well-functioning.
Schlagwörter: 
trust
institutions
economic growth
JEL: 
B40
O11
Z13
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
905.96 kB





Publikationen in EconStor sind urheberrechtlich geschützt.