Trust and specialization in complexity: Evidence from U.S. states
José De Sousa (),
Amélie Guillin,
Julie Lochard and
Arthur Silve
Journal of Economic Behavior & Organization, 2023, vol. 216, issue C, 332-353
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.
Keywords: Trust; Specialization; Complexity; Input-output relationships (search for similar items in EconPapers)
JEL-codes: E23 E71 R32 Z13 (search for similar items in EconPapers)
Date: 2023
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Working Paper: Trust and specialization in complexity: Evidence from U.S. states (2023)
Working Paper: Trust and specialization in complexity: Evidence from U.S. states (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:216:y:2023:i:c:p:332-353
DOI: 10.1016/j.jebo.2023.10.004
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