Type
Part or chapter of a book
Title
Trust, Well-Being and Growth: New Evidence and Policy Implications
Editor
Elsevier
Pages
49 - 120 p.
Notes
Ce chapitre dispose d'un DOI: 10.1016/B978-0-444-53538-2.00002-2
ISBN
9780444535467
Keywords
Trust, Growth, Economic Development, Institutions, Well-being
Abstract
EN
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 economic performance are reviewed. We document the mechanisms of interactions between trust and economic development in the realms of finance, innovation, the organization of firms, the labor market, and the product market. The last part reviews recent progress to identify how institutions and policies can affect trust.
BIBLIOGRAPHIC QUOTE
EXPORT