We conduct an extensive robustness analysis of the relationship between trust and growth by investigating a later time …. We find that when outliers (especially China) are removed, the trust-growth relationship is no longer robust. On average …, the trust coefficient is half as large as in previous findings. …

credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social … trust and central-bank independence. Our empirical findings, based on data from 149 countries, confirm that there is such a … of reform and the ability with which it can be implemented. At low trust levels, the need for central-bank independence …

We conduct an extensive robustness analysis of the relationship between trust and growth for a later time period (the … results. We find that the trust-growth relationship is less robust with respect to empirical specification and to countries in … the sample than previously claimed, and that outliers affect the results. Nevertheless trust seems quite important …

We present new evidence on how generalized trust is formed. Unlike previous studies, we look at the explanatory power … of economic institutions, we use newer data, we incorporate more countries, and we use instrumental variables to handle … the causality problem. A central result is that legal structure and security of property rights (area 2 of the Economic …