Work

How Does Social Trust Affect Economic Growth?

Year: 2012

Type: article

Abstract: This article connects two strands of the literature on social trust by directly estimating the effects of trust on growth through a set of potential transmission mechanisms. It does so by modeling the process using a 3SLS estimator on a sample of 85 countries for which a full data set is available. The results indicate that trust affects schooling and the rule of law directly, thereby raising economic growth rates. The article closes with a short discussion of the relevance of the findings.

Source: Southern Economic Journal

DOI: 10.4284/0038-4038-78.4.1346

Author: Christian Bjørnskov

Institutions: University of Copenhagen, Aarhus University, Illinois State University, Research Institute of Industrial Economics

Language: English

Topic: Culture, Economy, and Development Studies

Subfield: Development

Field: Social Sciences

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W3122695428

FWCI: 38.25

Cites: 112

Cited by: 391

Related to: 10