The productivity of trust
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Trust in institutions and other people is a key factor in social and economic progress as well as democratic stability.
“Numerous studies have identified trust -both trust in institutions and trust in other people-as a key factor in social and economic progress as well as democratic stability”
From Transparency and Trust in Government. Evidence from a Survey Experiment (2021) · cites this paper as Bjørnskov, 2015
The paper reports a positive association between social trust (trust in other people) and productivity, with effects linked to the quality of economic-judicial institutions (Conclusion, p. 25). It does not establish that trust in institutions has the same role. Section 2.2 (p. 9) distinguishes democratic institutions and says the evidence for an effect of social trust on them is weaker; the paper does not establish a link to democratic stability. (LLM, conf=0.88)
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References 121 · Cited by 138
Research works printed but not linked: 3
- Fukuyama, Francis. 1995. Trust: The Civil Virtues and the Creation of Prosperity . Free Press, New York.
- Mueller, 2003. Public Choice III . Cambridge University Press, Cambridge, UK.
- Prescott, Edward. 1998. Needed: a Theory of Total Factor Productivity. International Economic Review 39, 525-552.
- Authors
- Bjørnskov, C., & Méon, P.-G.
- Affiliations
- Aarhus University (DK)
- Université Libre de Bruxelles (BE)
- Venue
- World Development
- Publisher
- Elsevier BV
- Published
- 2015-06
- Volume
- 70
- Pages
- 317-331
- ISSN
- 0305-750X (ISSN-L)
- OpenAlex
- W2106761403
- Cited by
- 138
- References
- 121
- Citations by year
- 2026: 8 · 2025: 9 · 2024: 16 · 2023: 17 · 2022: 14 · 2021: 19 · 2020: 13 · 2019: 9 · 2018: 6 · 2017: 12 · 2016: 3 · 2015: 3 · 2014: 1 · 2013: 2 · 2012: 2
- FWCI
- 19.32
- Type
- journal article
- Language
- en
- Open access
- green
- hdl.handle.net
- Licence
- Locations
- World Development (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Dépôt institutionnel de l'Université libre de Bruxelles (Université Libre de Bruxelles) (submittedVersion, other-oa)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Productivity
- Social Sciences › Demography › Culture, Economy, and Development Studies
- Physical Sciences › Computer Science › Information Systems › Economic Growth and Development
- Keywords
- social trust, total factor productivity, productivity growth, economic institutions, judicial institutions, political institutions, institutional quality
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