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How Does Social Trust Affect Economic Growth?

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How Does Social Trust Affect Economic Growth? / Bjørnskov, Christian.

2005. Paper presented at International conference on business, management and economics, Cesme, Turkey.

Research output: Contribution to conferencePaperResearch

Harvard

Bjørnskov, C 2005, 'How Does Social Trust Affect Economic Growth?', Paper presented at International conference on business, management and economics, Cesme, Turkey, 16/06/2005 - 19/06/2005.

APA

Bjørnskov, C. (2005). How Does Social Trust Affect Economic Growth?. Paper presented at International conference on business, management and economics, Cesme, Turkey.

CBE

Bjørnskov C. 2005. How Does Social Trust Affect Economic Growth?. Paper presented at International conference on business, management and economics, Cesme, Turkey.

MLA

Bjørnskov, Christian How Does Social Trust Affect Economic Growth?. International conference on business, management and economics, 16 Jun 2005, Cesme, Turkey, Paper, 2005.

Vancouver

Bjørnskov C. How Does Social Trust Affect Economic Growth?. 2005. Paper presented at International conference on business, management and economics, Cesme, Turkey.

Author

Bjørnskov, Christian. / How Does Social Trust Affect Economic Growth?. Paper presented at International conference on business, management and economics, Cesme, Turkey.

Bibtex

@conference{91da5650d0a811db8cc2000ea68e967b,
title = "How Does Social Trust Affect Economic Growth?",
abstract = "Social capital in the form of generalized trust has been shown to be a determinant of economic growth in a number of studies. Other studies have explored other consequences of trust, such as its effects on governance, corruption, education and investment. This paper connects the two strands of literature by estimating the effects of trust on growth through a set of potential transmission mechanisms directly. It does so by modelling the process using a three-stage least squares estimator on a sample of countries for which a full data set is available. The results indicate that trust affects schooling and the rule of law directly. These variables in turn affect the investment rate (schooling) and provide a direct effect (rule of law) on the growth rate. The paper closes with a short discussion of the relevance of the findings.",
keywords = "Growth, Trust, Transmission mechanisms",
author = "Christian Bj{\o}rnskov",
year = "2005",
language = "English",
note = "null ; Conference date: 16-06-2005 Through 19-06-2005",

}

RIS

TY - CONF

T1 - How Does Social Trust Affect Economic Growth?

AU - Bjørnskov, Christian

PY - 2005

Y1 - 2005

N2 - Social capital in the form of generalized trust has been shown to be a determinant of economic growth in a number of studies. Other studies have explored other consequences of trust, such as its effects on governance, corruption, education and investment. This paper connects the two strands of literature by estimating the effects of trust on growth through a set of potential transmission mechanisms directly. It does so by modelling the process using a three-stage least squares estimator on a sample of countries for which a full data set is available. The results indicate that trust affects schooling and the rule of law directly. These variables in turn affect the investment rate (schooling) and provide a direct effect (rule of law) on the growth rate. The paper closes with a short discussion of the relevance of the findings.

AB - Social capital in the form of generalized trust has been shown to be a determinant of economic growth in a number of studies. Other studies have explored other consequences of trust, such as its effects on governance, corruption, education and investment. This paper connects the two strands of literature by estimating the effects of trust on growth through a set of potential transmission mechanisms directly. It does so by modelling the process using a three-stage least squares estimator on a sample of countries for which a full data set is available. The results indicate that trust affects schooling and the rule of law directly. These variables in turn affect the investment rate (schooling) and provide a direct effect (rule of law) on the growth rate. The paper closes with a short discussion of the relevance of the findings.

KW - Growth

KW - Trust

KW - Transmission mechanisms

M3 - Paper

ER -