Trust and growth
AbstractUsing data from US states, we find a positive relationship between trust and growth. According to our results, a 10 percentage point increase in trust increases the growth rate of per capita income by 0.5 percentage point, growth rate of housing prices by 1.25 percentage points, and the growth rate of employment by 2.5 percentage points over a decade.
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Bibliographic InfoArticle provided by Springer in its journal Public Choice.
Volume (Year): 142 (2010)
Issue (Month): 1 (January)
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Web page: http://www.springerlink.com/link.asp?id=100332
Trust; Economic growth;
Other versions of this item:
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
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