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Is trust the missing root of institutions, education, and development?

Listed author(s):
  • Christian Bjørnskov

    ()

  • Pierre-Guillaume Méon

    ()

We report evidence that trust is the missing root relating education, institutions, and economic development. We observe that more trust both increases education and improves legal and bureaucratic institutions, which in turn spurs economic development. We substantiate this intuition with a series of regressions that provide evidence that trust determines both education and the quality of institutions, and that education and institutions in turn affect GDP per capita. Copyright Springer Science+Business Media New York 2013

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File URL: http://hdl.handle.net/10.1007/s11127-013-0069-7
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Article provided by Springer in its journal Public Choice.

Volume (Year): 157 (2013)
Issue (Month): 3 (December)
Pages: 641-669

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Handle: RePEc:kap:pubcho:v:157:y:2013:i:3:p:641-669
DOI: 10.1007/s11127-013-0069-7
Contact details of provider: Web page: http://www.springer.com

Order Information: Web: http://www.springer.com/economics/public+finance/journal/11127/PS2

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