2020
DOI: 10.21511/ppm.18(1).2020.26
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The ability of trust to influence GDP per capita

Abstract: AUTHORSDmytro Zakharov https://orcid.org/0000-0003-3423-0093 AbstractThe article explores social capital and its impact on economic development. This paper aims to analyze the role of trust in the process of growth and economic development. The interdependence of GDP per capita and trust level as an element of social capital has been analyzed. The correlation between trust and GDP per capita in 43 countries has been reflected. World Values Survey (WVS) was used to obtain empirical trust data.To determine the r… Show more

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Cited by 5 publications
(2 citation statements)
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“…The study of social capital requires the study of multidisciplinary sources: economics, sociology, psychology, behavior, and management. In a business network, the efficiency of the enterprise largely depends on the relationship of trust between individuals and groups (Zakharov et al, 2020).…”
Section: Resultsmentioning
confidence: 99%
“…The study of social capital requires the study of multidisciplinary sources: economics, sociology, psychology, behavior, and management. In a business network, the efficiency of the enterprise largely depends on the relationship of trust between individuals and groups (Zakharov et al, 2020).…”
Section: Resultsmentioning
confidence: 99%
“…Other findings are shown in the motivations that led the explored companies to initiate the certification process to be recognized as a B company, which are mainly due to the fact that they identify, in their business model, a social purpose that they can fulfill, regardless of what B companies declare and promote [57,105]. Conversely, these companies, without having prior knowledge of what social purpose companies are, were interested in being certified as B companies, given their philosophy and principles [106][107][108]. Therefore, they carry out an internal examination of their processes and business models, identifying in them a social purpose that they contribute to society and that they seek to be recognized through B certification.…”
Section: Discussionmentioning
confidence: 99%