While the beneficial effects of social trust on economic performance have been largely recognized, we analyze whether … regression approach that enables us to capture heterogeneous effects of trust for different development levels. By considering … data for 80 countries, and using trust indicators from five different waves of the World Values Survey (WVS), our results …

transferring it to companies, we show how reputa­tion, trust, solidarity and norms can be built up as the main drivers for …

Does market participation promote generalized morality and trust, as postulated by some recent theories? We use … contrary. The short-term effect of market integration appears to be to lower generalized trust. However, this finding is not …

Moral, sondern mehr ethische Kompetenz auf allen Gestaltungsebenen des Wirtschaftens gefordert. (The loss of trust in the … context of the actual crisis is widely deplored. But how deep were the roots of trust after all? This article argues that the … financial system, even in times of well functioning, was affected by deep mistrust, masked by a mere illusion of trust, evolving …

Trust is critical during times of institutional crisis, but intuition is ambiguous with regards to economic calamity … and levels of interpersonal trust, specifically in Latin America. First, we find that as the number of recessionary years … grows larger, the strength of interpersonal trust increases; the results are generally robust to the effects of time and …

We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian … endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty … countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities …

This survey reviews the recent research on trust, institutions, and economic development. It discusses the various … measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms that … explain the influence of trust on economic performance and the methods employed to identify the causal impact of trust on …