Is Greece a Rent Seeking Society? A Research on the Relationship Between Entrepreneurship, Trust and Institutions

Πέτρου, Αναστασία; Daskalopoulou, Irene

doi:10.1007/s11205-013-0560-z

Cited by 11 publications

(8 citation statements)

References 43 publications

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“…Education is one of the few leverages that a society might use in pursuing such a long run goal (Fukuyama, 1999). Furthermore, the specificities of Greece (namely clientilistic relationships and low social capital that is unevenly distributed among different interest groups) render important the study of the role of different interest groups in determining the democracy-trust interrelationship in the country (Lyberaki and Paraskevopoulos, 2002; Paraskevopoulos, 2007; Bitros, 2013; Petrou and Daskalopoulou, 2014; Sotiropoulos, 2015). The passing of the Greek society to the era of modernization where abstract trust will dominate is not only an issue of time but more importantly an issue of how social capital constructs are transformed into the predominant institutions.…”

Section: Conclusion and Discussionmentioning

confidence: 99%

“…Available studies point to the specificities underlying this relationship and their important effect upon the democratic basis of the institution-building processes in the country (Lyberaki and Paraskevopoulos, 2002; Kazakos, 2006; Koniordos, 2006; Demertzis, 2006; Paraskevopoulos, 2007; Bitros, 2013; Huliaras, 2014; Sotiropoulos, 2015). Thus, albeit a stable democracy, in the sense that long-standing commitment to democratic procedures is present in the country, Greece faces important challenges mainly referring to: declining accountability, economic backwardness and weakening social cohesion occurring as a result of the presence of negative social capital and the decay of the country’s political and social institutions (Kazakos, 2006; Paraskevopoulos, 2007; Jones et al , 2008; Bitros, 2013; Bitros and Karayiannis, 2013; Petrou and Daskalopoulou, 2014; Rontos et al , 2015; Daskalopoulou, 2016a, b). Analyzing the quality of democracy in Greece, Danopoulos (2015) suggests that the state of accountability in Greece is weak in all three dimensions (vertical, horizontal and social), and a host of structural, social and attitudinal factors contributes to this weakness.…”

Section: Theoretical Context: the Democracy-social Capital Interrelationshipmentioning

confidence: 99%

“…Similarly, Bitros (2013) and Bitros and Karayiannis (2013) stress the negative effects that the country experiences as a result of a long-standing process[5] of undermining democracy and good institutions. Low institutional quality is manifested by widespread rent-seeking practices, public-private clientilistic relationships, low societal responsibility and consensus toward unproductive entrepreneurship (Kazakos, 2006; Paraskevopoulos, 2007; Petrou and Daskalopoulou, 2014). All these phenomena exacerbated the effects of the current financial crisis and further intensified the country’s problems in terms of social cohesion (Voulgarelli-Christidou, 2016), and forms of citizen organization (Pantazidou, 2013).…”

Section: Theoretical Context: the Democracy-social Capital Interrelationshipmentioning

confidence: 99%

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Satisfaction with democracy and social capital in Greece

Daskalopoulou

2018

IJSE

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Purpose The purpose of this paper is to investigate how different types of social capital contribute to the satisfaction with democracy (SWD) in Greece. Understanding the relationship between different variants of social capital and SWD allows one to situate the Greek democracy in the continuum of democracy types, from primary to modern. Design/methodology/approach The study uses microdata extracted from the European Values Surveys of 2002-2010 and multivariate regression analysis. Findings The results are compatible with a conception of the Greek political organization as a civil virtue democracy. A change in the nature of the relationship is observed after the recent economic crisis in the country. Research limitations/implications The study contributes to the empirical knowledge regarding the relationship between different variants of social capital and SWD. Originality/value Using a typology approach, the micro-relationship between democracy and social capital is analyzed as embedded in a continuum of different democracy types. In addition, this is the first study that uses microdata to analyze the effect of social capital upon SWD in Greece. The results of the study provide valuable understanding of the social and institutional arrangements that might sustain Greece’s efforts to meet its overall developmental challenges.

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Section: Conclusion and Discussionmentioning

confidence: 99%

Section: Theoretical Context: the Democracy-social Capital Interrelationshipmentioning

confidence: 99%

Section: Theoretical Context: the Democracy-social Capital Interrelationshipmentioning

confidence: 99%

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Satisfaction with democracy and social capital in Greece

Daskalopoulou

2018

IJSE

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“…Second, and perhaps even more important, is the fact that the accumulated social capital seems to be negative. Trust in Greece has largely the form of group specific capital embedded in: (a) widespread rent-seeking network linkages (Bitros 2013;Bitros and Karayiannis 2013;Petrou and Daskalopoulou 2014); (b) change-resistant highpower groups, such as the public servants (Bitros 2013;Daskalopoulou 2018b); and (c) a democratic regime deficit (Danopoulos 2015;Daskalopoulou 2018a). This type of trust empowers practices such as political favouritism, excess statism, and partisan politics at the civil service sector (Bitros and Karayiannis 2013).…”

Section: Theoretical Contextmentioning

confidence: 99%

Individual-Level Evidence on the Causal Relationship Between Social Trust and Institutional Trust

Daskalopoulou

2018

Soc Indic Res

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The study accounts for the presence of endogeneity in the interdependence between social and institutional trust. Using Greece as a case study we provide valuable insights regarding the bidirectional nature of this relationship and its sign. Consequently, more accurate results might be provided regarding the determinants of both types of trust and the way in which these may be discerned in a given society. We use microdata extracted from the European Values Surveys (2002)(2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010) and instrumental variables techniques. Social trust is constructed as a three-item scale variable comprising generalized trust, fairness and helpfulness. The institutional trust variable is constructed as the sum of seven variables referring to trust in political institutions, civil security institutions and, supranational political institutions. In line with the hypothesis formed here, the results indicate the presence of endogeneity in the social and institutional trust interrelationship. When accounted for, this endogeneity entails different results as regards the sign of the effect that institutional trust exerts upon social trust, which turns from positive to negative. The study contributes to the limited empirical knowledge regarding the micro level two-way causal relationship between social trust and institutional trust. The study's findings provides us with a more informative and accurate picture of the underlying dynamics of building trust in a society. Important research and policy level issues draw from these findings.

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“…dobre instytucje) przyczynia się do dobrobytu gospodarczego oraz 3) efektywność jest silnie uzależniona od wartości kulturowych. Badania te potwierdzają, że kultura uwzględniona w zbiorze nieformalnych zasad determinuje sukces lub niepowodzenie formalnych instytucji gospodarczych, działając jako filtr efektywności wolności gospodarczej i kapitalizmu [Petrou, Daskalopoulou 2014, s. 1500.…”

Section: Konceptualizacja Terminu Spójność Systemów Instytucjonalnychunclassified

Cultural Symptoms of Inconsistencies in the Institutional Systems of Central and Eastern European Countries

Owczarczuk¹

2017

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

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Streszczenie: W artykule podjęto problem niespójności systemów instytucjonalnych postkomunistycznych krajów Europy Środkowej i Wschodniej (EŚiW) należących obecnie do Unii Europejskiej. Zakłada się, że istotnym elementem sprawności instytucji jest nie tylko ich jakość, ale również wewnętrzna spójność rozumiana jako dopasowanie formalnych elementów układu instytucjonalnego do ukształtowanych kulturowo instytucji nieformalnych. Wśród wielu aspektów niespójności instytucjonalnej te o podłożu i charakterze kulturowym jawią się jako niezwykle istotne. Niesprawne instytucje w krajach postkomunistycznych umożliwiają społeczeństwu utrwalanie postaw związanych z łamaniem podstawowych zasad funkcjonowania gospodarki rynkowej czy demokratyzacji życia społecznego. W związku z tym w artykule dokonano porównania krajów EŚiW pod kątem wybranych przejawów niespójności systemów instytucjonalnych, mających swe podłoże w kulturowo zakorzenionych postawach i wartościach społeczeństw tych państw. Tym samym -pośrednio -autorka wskazuje na istotną rolę instytucji nieformalnych w tworzeniu spójnych systemów instytucjonalnych gospodarek krajów EŚiW.Słowa kluczowe: instytucje nieformalne, transformacja, kraje postkomunistyczne, korupcja, zaufanie. Summary:The article addresses the problem of inconsistencies in the institutional systems of post-communist countries of Central and Eastern Europe (CEE) currently belonging to the European Union. It is assumed that an important element of institutional efficiency is not only their quality but also internal coherence, understood as matching the formal elements of the institutional system to culturally-shaped informal institutions. Among many aspects of institutional inconsistency, those of cultural origin and character appear to be extremely important. Inefficient institutions in post-communist countries enable the society to strengthen the attitudes of breaking the basic principles of functioning of a market economy or of democratizing social life. Therefore, the article compares CEE countries with regard to selected manifesta-

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Is Greece a Rent Seeking Society? A Research on the Relationship Between Entrepreneurship, Trust and Institutions

Cited by 11 publications

References 43 publications

Satisfaction with democracy and social capital in Greece

Satisfaction with democracy and social capital in Greece

Individual-Level Evidence on the Causal Relationship Between Social Trust and Institutional Trust

Cultural Symptoms of Inconsistencies in the Institutional Systems of Central and Eastern European Countries

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