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Truth, trust and market transactions: What do we know?

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  • Mick Moore

Abstract

John Humphrey and Hubert Schmitz have recently made an important contribution to the literature on trust and economic transactions between firms. Unfortunately, the evidence that high levels of societal trust contribute significantly to economic growth is far less reliable than they suggest. We need more research — but research informed by greater conceptual clarity about trust and the institutional arrangements that contribute to trust. The framework presented here for conceptualising the various sources of trust should help guide empirical research.

Suggested Citation

  • Mick Moore, 1999. "Truth, trust and market transactions: What do we know?," Journal of Development Studies, Taylor & Francis Journals, vol. 36(1), pages 74-88.
    • Handle: RePEc:taf:jdevst:v:36:y:1999:i:1:p:74-88
    DOI: 10.1080/00220389908422612
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    Citations

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    Cited by:

    1. Christian Bjørnskov, 2011. "Combating Corruption: On the Interplay between Institutional Quality and Social Trust," Journal of Law and Economics, University of Chicago Press, vol. 54(1), pages 135-159.
    2. Mezgebo, Taddese & Dereje, Fikadu, 2010. "Structure, conduct and performance of grain trading in Tigray and its impact on demand for commodity exchange: The case Maychew, Mokone, Alemata, Mekelle and Himora," MPRA Paper 24901, University Library of Munich, Germany.
    3. van Staveren, I.P., 2002. "Social capital :What is in it for feminist economics?," ISS Working Papers - General Series 19126, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    4. repec:rdg:wpaper:em-dp2010-02 is not listed on IDEAS
    5. Mezgebo, Taddese, 2014. "Beyond Extended Phenotype Evolution of extended identity in order to reconcile study of humanity with biological evolution," MPRA Paper 54392, University Library of Munich, Germany.
    6. Andrew C. Forrester & Alex Nowrasteh, 2023. "Trust plays no role in regional U.S. economic development—And five other problems with the trust literature," Kyklos, Wiley Blackwell, vol. 76(3), pages 461-477, August.
    7. Judit Kapas, 2017. "How Cultural Values Affect Economic Growth: A Critical Assessment Of The Literature," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 26(1), pages 265-285, june.
    8. Judit Kapás, 2019. "The interaction of individual values and sticky formal institutions in economic development," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 16(1), pages 41-67, June.

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