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The productivity of trust

par Bjørnskov, Christian;Méon, Pierre-Guillaume
Référence World development
Publication Publié, 2015-06-01

Article révisé par les pairs

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Résumé :

This paper tests whether social trust affects total factor productivity (TFP). Using both development and growth accounting, we find strong evidence of a causal positive effect of social trust on the level and growth of TFP. We moreover observe that the effect of social trust on TFP runs through economic-judicial institutions, but not through political institutions. Those findings resist a series of robustness checks.