Social Trust and Economic Growth

Author:

Bjørnskov Christian

Abstract

This chapter provides a selective survey of the literature on the association between social trust and economic growth. The chapter is divided into two main sections. The first section outlines the main theoretical arguments for how social trust could affect the long-run growth rate and economic performance of an economy. These theoretical mechanisms can work both directly or indirectly by affecting institutions, factor accumulation, and the elasticity of substitution. An overview of a set of relevant theoretical mechanisms also reveals that some only affect growth under specific conditions. The second section is devoted to reviewing the evidence of an empirical association. While the literature clearly supports a causal effect of trust on growth, the empirical section as well as the conclusions suggest a number of ways in which the field may move forward.

Publisher

Oxford University Press

Cited by 32 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Ritalin, Animal Spirits and the Productivity Puzzle;Australian Economic Review;2023-12-20

2. Trust in God;Trust;2023-09-28

3. Cultures of Trust;Trust;2023-09-28

4. Trust is Normal;Trust;2023-09-28

5. Assurance and Trust;Trust;2023-09-28

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