Trust and the wealth of nations

Nurullah Gur ()

Progress in Development Studies, 2015, vol. 15, issue 2, 107-124

Abstract: In this article, we survey a growing body of evidence showing the effects of trust on the wealth of nations. It is important to understand the mechanisms through which trust affects the wealth of nations. This article suggests that trust has effects on the wealth of nations mainly through five channels. These channels are: (a) investment in human and physical capital, (b) financial development, (c) public expenditures, (d) regulations and institutions and (e) the organization of firms.

Keywords: Trust; investment; public expenditures; institutions; regulations; delegation (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:sae:prodev:v:15:y:2015:i:2:p:107-124

DOI: 10.1177/1464993414565529

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