Trust and the wealth of nations

Trust and the wealth of nations

In this article, we survey a growing body of evidence showing the effects of trust on the wealth of nations. It is important to understand the mechanisms through which trust affects the wealth of nations. This article suggests that trust has effects on the wealth of nations mainly through five chann...

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Veröffentlicht in:Progress in development studies 2015-04, Vol.15 (2), p.107-124
1. Verfasser: Gur, Nurullah
Format: Artikel
Sprache:eng
Schlagworte:
Economic development
Economic growth
Education
Expenditures
GDP
Government spending
Gross Domestic Product
Growth models
Human capital
Institutions
Investment
Investments
Population
Public expenditure
Public finance
Real income
Regulation
Secondary education
Social capital
Standard deviation
Studies
Trust
Values
Wealth
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Zusammenfassung:In this article, we survey a growing body of evidence showing the effects of trust on the wealth of nations. It is important to understand the mechanisms through which trust affects the wealth of nations. This article suggests that trust has effects on the wealth of nations mainly through five channels. These channels are: (a) investment in human and physical capital, (b) financial development, (c) public expenditures, (d) regulations and institutions and (e) the organization of firms.
ISSN:1464-9934
1477-027X
DOI:10.1177/1464993414565529