Does trust promote growth?

Abstract

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Can Trust Effects on Development Be Generalized? A Response by Quantile

“…Therefore, trust has a significant influence on income per capita and these results might be supporting previous findings in the literature such as those by Knack and Keefer (1997), Zak and Knack (2001) and Horvath (2012). Yet comparisons should be made with caution, since as commented on in Section 4.1, most studies in this context use growth rates as a measure of economic performance, and not income levels, as we do.…”

“…Following in Putnam's footsteps, contributions such as Knack and Keefer (1997), Zak and Knack (2001) or Beugelsdijk and Van Schaik (2005), and more recently, Dearmon and Grier (2009), Doh and McNeely (2011) or Horvath (2012), among others, have highlighted positive effects flowing from social capital to economic development, using different samples of countries or regions, and different time periods.…”

Parental background and other-regarding preferences in children

“…The variable "High absence" is equal to one if the child missed more school hours than is the median absence in our sample. 9 To measure parental socio-economic status and family environment, we carried out a survey among parents of the participating children. The collected data include their education level, employment status of mother, whether the child lives with both parents, the number of child's siblings and birth order of the child.…”

Financial shocks and the erosion of interpersonal trust: Evidence from longitudinal data

“…Trusting other members of society has been suggested as a fundamental cornerstone of economic growth and development (e.g., see Zak and Knack, 2001, Guiso et al, 2004, 2006, Dearmon and Grier, 2009, Algan and Cahuc, 2010, Tabellini, 2010, Horváth, 2013, or Forte et al, 2015. The fact that 'trust matters' has become a stylized fact in the associated literature, which makes it all the more important to understand how people's interpersonal trust levels are shaped.…”

“…Financial shocks are observed in approximately three percent of the observations (2,153 positive and 2,311 negative shocks) and Table 1 summarizes the numbers and shares of shocks throughout the respective survey waves. The share of 2 Most such studies use a binary indicator for trust (Alesina and La Ferrara, 2002;Dearmon and Grier, 2009;Wang and Gordon, 2011;Horváth, 2013;Brandt et al, 2015;Corbacho et al, 2015). However, there are some that use a Likert scale (Nunn and Wantchekon, 2011, use four response categories, while Meier et al, 2016, use seven). positive shocks within waves ranges from 2.65 percent (in wave 14) to 3.06 percent (in wave 6), whereas 2.63 to 3.48 percent of respondents have experienced a negative financial shock.…”