Trust as the missing root of institutions, education, and development

In the paper, we argue that trust is the missing link relating education, institutions, and economic development. We argue that increased trust both increases education and improves legal and bureaucratic institutions, which in turn spurs economic development. We substantiate this intuition with a series of regressions that show that trust determines both education and the quality of institutions, and that education and institutions in turn affect GDP per capita.

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Year of publication:	2012-10-24
Authors:	Méon, Pierre-Guillaume ; Bjørnskov, Christian
Institutions:	Centre Emile Bernheim, Solvay Brussels School of Economics and Management
Subject:	Development \| Social trust \| Institutions \| Education

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Extent:	application/pdf
Series:	Working Papers CEB.
Type of publication:	Book / Working Paper
Notes:	Published by: The text is part of a series Working Papers CEB Number 12-031 34 pages long
Classification:	O43 - Institutions and Growth ; O47 - Measurement of Economic Growth; Aggregate Productivity ; O57 - Comparative Studies of Countries ; Z13 - Social Norms and Social Capital
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010968984