We establish an inverse relationship between family ties, generalized trust and political participation. The more … political participation. The latter, together with trust, are part of what is known as social capital, therefore in this paper …

have been identified. However, the impact of trust on reforms has so far never been addressed. We provide theoretical … arguments why trust should influence institutional changes and test the relationship empirically. We find a significant positive … relation between trust and reforms with regard to government size, the legal system, and deregulation of private businesses and …

This paper analyses the hypothesis that the robust relationship between trust - as measured by the World Values Survey … results reveal that the correlation between trust and economic growth is robust in terms of statistical significance and sign … underlining the existing empirical evidence that trust matters in explaining differences in economic performance, our results also …

In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low … total of 312 observations, this paper detects a structural break in citizens’ trust in the ECB. The paper confirms that … during the pre-crisis period, citizens’ trust in the ECB was driven by economic growth. In crisis time, however, trust in the …

Some researchers claim that diverse populations lead to less trust. Generalized trust is a core value that leads to …

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 paper reviews the literature on economic inequality and trust. Cross-country studies, within-country studies, and … experiments all suggest that economic inequality exerts a negative influence on trust. Four mechanisms are proposed to explain the …

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 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 …