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The productivity of trust

Christian Bjørnskov () and Pierre-Guillaume Méon ()

Post-Print CEB, 2015

Abstract: This paper tests whether social trust affects total factor productivity (TFP). Using both development and growth accounting, we find strong evidence of a causal positive effect of social trust on the level and growth of TFP. We moreover observe that the effect of social trust on TFP runs through economic-judicial institutions, but not through political institutions. Those findings resist a series of robustness checks.

Keywords: Total factor productivity; Social trust; Institutions (search for similar items in EconPapers)
Date: 2015
Note: SCOPUS: ar.j
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Journal Article: The Productivity of Trust (2015) Downloads
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