The cultural origins of institutional trust: The case of the European Central Bank
Federico M Ferrara and
European Union Politics, 2022, vol. 23, issue 2, 212-235
Does culture have a causal effect on institutional trust? We answer this question by assessing the non-economic determinants of public trust in the European Central Bank. To analyse institutional trust, we employ a novel dataset of citizen perceptions and knowledge about the European Central Bank. Cultural traits are measured by indicators of social trust at the level of Euro area sub-national regions. We show that individuals living in regions with lower social trust systematically exhibit less trust in the European Central Bank. An instrumental variable approach based on historical variables of education and political institutions supports a causal interpretation of our findings. These results are robust across different model specifications and measures of trust.
Keywords: European Central Bank; institutional trust; instrumental variables; regional culture; social trust. (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sae:eeupol:v:23:y:2022:i:2:p:212-235
Access Statistics for this article
More articles in European Union Politics
Bibliographic data for series maintained by SAGE Publications ().