Knack, Stephen (2001): Trust, assocational life, and economic performance. Published in: The contribution of human and social capital to sustained economic growth and well-being (2001): pp. 172-202.
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Assuming that J. S. Mill and others are correct in their belief that trust matters for the economic performance of nations, the determinants of trust become important. Section 2 discusses the sources of trust and briefly summarizes empirical evidence. Section 3 builds on Fukuyama’s concept of the “radius of trust” to identify the type of trust which should be advantageous to national economic performance. Section 4 addresses measurement issues. Evidence on trust and economic performance relies heavily on the use of a single survey indicator of trust: in light of the potential for translation problems and other sources of measurement error, can this indicator be trusted? Section 5 presents empirical evidence on trust and economic performance, for a 25-nation OECD sample and for a larger 40-country sample. Section 6 presents evidence on the relationship between associational life and economic performance, testing the conflicting theoretical perspectives of Putnam (1993) and Olson (1982). Section 7 briefly concludes.
|Item Type:||MPRA Paper|
|Original Title:||Trust, assocational life, and economic performance|
|Keywords:||trust, social capital, growth|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O43 - Institutions and Growth
Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology > Z13 - Economic Sociology ; Economic Anthropology ; Social and Economic Stratification
|Depositing User:||Stephen Knack|
|Date Deposited:||06. Dec 2010 16:19|
|Last Modified:||19. Feb 2013 17:55|
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