Trustworthiness and economic performance

Janice Boucher Breuer and John McDermott
Authors registered in the RePEc Author Service: Janice Breuer Bass

MPRA Paper from University Library of Munich, Germany

Abstract: Intrinsically trustworthy agents never cheat. A society's willingness to trust and the quality of its institutions have their origins in the intrinsic trustworthiness of its citizens. Trustworthiness is the basis for maximizing output in economic exchange and in explaining differences in standards of living around the world. We measure intrinsic trustworthiness with a question from the World Values Survey and estimate its effect using a sample of 60 countries. We find that trustworthiness is important for output per capita and that the effect of trust is likely to come from trustworthiness.

Keywords: trustworthiness; trust; institutions; output per capita (search for similar items in EconPapers)
JEL-codes: O43 Z13 (search for similar items in EconPapers)
Date: 2009-03
New Economics Papers: this item is included in nep-cbe, nep-cwa, nep-dev and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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https://mpra.ub.uni-muenchen.de/24486/2/MPRA_paper_24486.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:16777

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