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Trust and specialization in complexity: Evidence from U.S. states

Author

Listed:
  • José De Sousa

    (LEMMA - Laboratoire d'économie mathématique et de microéconomie appliquée - Université Paris-Panthéon-Assas, LIEPP - Laboratoire interdisciplinaire d'évaluation des politiques publiques (Sciences Po) - Sciences Po - Sciences Po, RITM - Réseaux Innovation Territoires et Mondialisation - Université Paris-Saclay)

  • Amélie Guillin

    (Unknown)

  • Julie Lochard

    (Unknown, ERUDITE - Equipe de Recherche sur l’Utilisation des Données Individuelles en lien avec la Théorie Economique - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12 - Université Gustave Eiffel)

  • Arthur Silve

    (Unknown)

Abstract

Industries with more complex input-output relationships are comparatively larger in U.S. states with higher levels of trust. This specialization pattern is not driven by differences in the states' and industries' other observable characteristics. Given the importance of complexity in economic growth and development, our results underscore the need to focus more on the role of social norms, particularly trust, in shaping patterns of economic specialization.

Suggested Citation

  • José De Sousa & Amélie Guillin & Julie Lochard & Arthur Silve, 2023. "Trust and specialization in complexity: Evidence from U.S. states," Post-Print hal-04267710, HAL.
    • Handle: RePEc:hal:journl:hal-04267710
    DOI: 10.1016/j.jebo.2023.10.004
    as

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    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E71 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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