A note on the theory and measurement of trust in explaining differences in economic growth
This paper takes issue with the trend to attribute differences in economic growth rates to differences in interpersonal trust. I discuss the World Values Survey (WVS) measure that is used to operationalise trust at the macro level. I hypothesise that there is a mismatch between the theoretical argument and the empirical operationalisation of trust. Instead of measuring trust, the WVS measure may instead proxy the well-functioning of institutions. I provide circumstantial evidence for this thesis by a principal components analysis of trust and institutions and a robustness test of Zak and Knack's (2001. Trust and growth, Economic Journal, vol. 111, 295--321) seminal study on trust and economic growth. Copyright 2006, Oxford University Press.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 30 (2006)
Issue (Month): 3 (May)
|Contact details of provider:|| Postal: |
Fax: 01865 267 985
Web page: http://www.cje.oupjournals.org/
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:30:y:2006:i:3:p:371-387. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.