IDEAS home Printed from https://ideas.repec.org/a/bla/socsci/v105y2024i2p267-280.html
   My bibliography  Save this article

Trust, institutional quality, and the protection of property rights: A cross‐regional study of East Asia and Western countries

Author

Listed:
  • Kee Hoon Chung
  • Hyeok Yong Kwon

Abstract

Objective This article explores the conditions under which social trust enhances institutional performance, specifically the protection of property rights in Western versus East Asian countries over time. Methods We estimate fixed‐effects panel regression models to test how the relationship between trust and property rights protection is moderated by the quality of political institutions, including state capacity, the legal system, and democracy. Results We find that the relationship between social trust and property rights protection is contingent on the quality of political institutions across regions. The quality of the legal system exerts the most pronounced and contrasting effect on the link between social trust and property rights protection in Western and East Asian countries, while the conditional effects of state capacity and democracy are comparatively less pronounced in both regions. Conclusion This study contributes valuable insights into the complex interplay between social trust and institutional outcomes in diverse societal contexts.

Suggested Citation

  • Kee Hoon Chung & Hyeok Yong Kwon, 2024. "Trust, institutional quality, and the protection of property rights: A cross‐regional study of East Asia and Western countries," Social Science Quarterly, Southwestern Social Science Association, vol. 105(2), pages 267-280, March.
    • Handle: RePEc:bla:socsci:v:105:y:2024:i:2:p:267-280
    DOI: 10.1111/ssqu.13340
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/ssqu.13340
    Download Restriction: no
    File URL: https://libkey.io/10.1111/ssqu.13340?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Pedro C. Magalhães & Nuno Garoupa, 2020. "Judicial Performance and Trust in Legal Systems: Findings from a Decade of Surveys in over 20 European Countries," Social Science Quarterly, Southwestern Social Science Association, vol. 101(5), pages 1743-1760, September.
    2. Niclas Berggren & Christian Bjørnskov, 2017. "The Market‐Promoting and Market‐Preserving Role of Social Trust in Reforms of Policies and Institutions," Southern Economic Journal, John Wiley & Sons, vol. 84(1), pages 3-25, July.
    3. Boix, Carles & Posner, Daniel N., 1998. "Social Capital: Explaining Its Origins and Effects on Government Performance," British Journal of Political Science, Cambridge University Press, vol. 28(4), pages 686-693, October.
    4. Ching-Hsing Wang, 2016. "Government Performance, Corruption, and Political Trust in East Asia," Social Science Quarterly, Southwestern Social Science Association, vol. 97(2), pages 211-231, June.
    5. Michael A. Hansen, 2017. "Trust in the System? Factors that Impact Citizens’ View of Courts in the United Kingdom," Social Science Quarterly, Southwestern Social Science Association, vol. 98(5), pages 1503-1517, November.
    6. Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(1), pages 83-116.
    7. Teraji, Shinji, 2008. "Property rights, trust, and economic performance," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(4), pages 1584-1596, August.
    8. Kee Hoon Chung & Hyeok Yong Kwon, 2021. "Trust and the protection of property rights: evidence from global regions," Public Choice, Springer, vol. 189(3), pages 493-513, December.
    9. Sonin, Konstantin, 2003. "Why the rich may favor poor protection of property rights," Journal of Comparative Economics, Elsevier, vol. 31(4), pages 715-731, December.
    10. Kim, Dong-Hyeon & Wu, Yi-Chen & Lin, Shu-Chin, 2018. "Heterogeneity in the effects of government size and governance on economic growth," Economic Modelling, Elsevier, vol. 68(C), pages 205-216.
    11. Weingast, Barry R., 1997. "The Political Foundations of Democracy and the Rule of the Law," American Political Science Review, Cambridge University Press, vol. 91(2), pages 245-263, June.
    12. Christian Bjørnskov, 2010. "How does social trust lead to better governance? An attempt to separate electoral and bureaucratic mechanisms," Public Choice, Springer, vol. 144(1), pages 323-346, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kee Hoon Chung & Hyeok Yong Kwon, 2021. "Trust and the protection of property rights: evidence from global regions," Public Choice, Springer, vol. 189(3), pages 493-513, December.
    2. Christian Bjørnskov & Pierre-Guillaume Méon, 2012. "Trust as the missing root of institutions, education, and development," Working Papers CEB 12-031, ULB -- Universite Libre de Bruxelles.
    3. Deng, Wen-Shuenn & Lin, Yi-Chen & Gong, Jinguo, 2012. "A smooth coefficient quantile regression approach to the social capital–economic growth nexus," Economic Modelling, Elsevier, vol. 29(2), pages 185-197.
    4. Andreas Bergh & Christian Bjørnskov, 2021. "Trust Us to Repay: Social Trust, Long‐Term Interest Rates, and Sovereign Credit Ratings," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(5), pages 1151-1174, August.
    5. Christian Bjørnskov & Pierre-Guillaume Méon, 2013. "Is trust the missing root of institutions, education, and development?," Post-Print CEB, ULB -- Universite Libre de Bruxelles, vol. 157(3-4), pages 641-669, December.
    6. Knack, Stephen, 2002. "Governance and growth: measurement and evidence," MPRA Paper 28050, University Library of Munich, Germany.
    7. Brandon N. Cline & Claudia R. Williamson & Haoyang Xiong, 2022. "Trust, regulation, and market efficiency," Public Choice, Springer, vol. 190(3), pages 427-456, March.
    8. Soto-Oñate, David & Torrens, Gustavo, 2023. "Institutional-cultural coherence and economic development: The case of the Spanish regions," Journal of Comparative Economics, Elsevier, vol. 51(1), pages 41-89.
    9. Jonathan Muringani & Rune Dahl Fitjar & Andrés Rodríguez-Pose, 2024. "Political trust and economic development in European regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 73(4), pages 2059-2089, December.
    10. Andrea Asoni, 2008. "Protection Of Property Rights And Growth As Political Equilibria," Journal of Economic Surveys, Wiley Blackwell, vol. 22(5), pages 953-987, December.
    11. Alberto Chong & Mark Gradstein, 2017. "Political and Economic Inequities and the Shaping of Institutions and Redistribution," Southern Economic Journal, John Wiley & Sons, vol. 83(4), pages 952-971, April.
    12. Di Liberto, Adriana & Sideri, Marco, 2015. "Past dominations, current institutions and the Italian regional economic performance," European Journal of Political Economy, Elsevier, vol. 38(C), pages 12-41.
    13. Gradstein, Mark, 2005. "Democracy, Property Rights, Redistribution and Economic Growth," CEPR Discussion Papers 5130, C.E.P.R. Discussion Papers.
    14. Abdoul’ Mijiyawa, 2013. "Determinants of property rights institutions: survey of literature and new evidence," Economics of Governance, Springer, vol. 14(2), pages 127-183, May.
    15. Fischer, Ronald & Huerta, Diego, 2021. "Wealth inequality and the political economy of financial and labour regulations," Journal of Public Economics, Elsevier, vol. 204(C).
    16. Nobuhiro Mizuno & Katsuyuki Naito & Ryosuke Okazawa, 2017. "Inequality, extractive institutions, and growth in nondemocratic regimes," Public Choice, Springer, vol. 170(1), pages 115-142, January.
    17. Daron Acemoglu, 2008. "Oligarchic Versus Democratic Societies," Journal of the European Economic Association, MIT Press, vol. 6(1), pages 1-44, March.
    18. Alberto Chong & Mark Gradstein, 2007. "Inequality and Institutions," The Review of Economics and Statistics, MIT Press, vol. 89(3), pages 454-465, August.
    19. Paniagua, Victoria, 2022. "When clients vote for brokers: How elections improve public goods provision in urban slums," World Development, Elsevier, vol. 158(C).
    20. Djankov, Simeon & Glaeser, Edward & La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei, 2003. "The new comparative economics," Journal of Comparative Economics, Elsevier, vol. 31(4), pages 595-619, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:socsci:v:105:y:2024:i:2:p:267-280. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0038-4941 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.