not onlymutual trust, like simple exchange, but also a substantial degree of coordination. We examinewhether players are …

share of entrepreneurs first decreases and then increases in the course of economic development. Existing theory based on …

theory the closure argument and the gossip argument describe thisrelation. These two arguments do not distinguish between … different dimensions of trust. In thispaper we estimate effects of closure positions on two dimensions of trust (trust in … strongly support the gossip argument for bothdimensions of trust. However, the data only gave weak and ambiguous support for …

paper, Knack and Keefer (1997) assess the effect of trust on growth. This paper analyses the robustness of their results … the relationship between trust and growth in terms of both the size and the significance of the estimated effect, is … highly dependent on the set of conditioning variables. An answer to the question whether there is an economic payoff of trust …