Can Trust Explain Social Capital Effect on Property Rights and Growth?

Stephen G Hall and Mahyudin Ahmad

MPRA Paper from University Library of Munich, Germany

Abstract: The consensus in growth literature has recognized the significant effects of institutions (including social capital and political institutions) towards economic growth. Utilizing the World Value Survey (WVS)’s trust variable that has often been used to represent social capital, and employing panel data technique which hitherto has been very limited in social capital studies, this study shows that WVS’ trust data suffer severe missing observation problem and the panel fixed effect estimation using such data produce highly unrobust results. Future research in social capital therefore needs to expand their measure of social capital beyond the WVS trust indicator. The results also indicate that political institutions effect on growth could possibly occur indirectly via property rights channel.

Keywords: Trust; Social Capital; Property Rights; Economic Growth (search for similar items in EconPapers)
JEL-codes: O43 Z13 (search for similar items in EconPapers)
Date: 2013-05
New Economics Papers: this item is included in nep-fdg, nep-hme and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:48440

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