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Can trust effects on development be generalized? A response by quantile
dc.contributor.author | Peiró-Palomino, Jesús | |
dc.contributor.author | Tortosa-Ausina, Emili | |
dc.date.accessioned | 2014-03-06T18:15:09Z | |
dc.date.available | 2014-03-06T18:15:09Z | |
dc.date.issued | 2013 | |
dc.identifier.citation | European Journal of Political Economy Volume 32, December 2013, Pages 377–390 | ca_CA |
dc.identifier.issn | 0176-2680 | |
dc.identifier.issn | 1873-5703 | |
dc.identifier.uri | http://hdl.handle.net/10234/85829 | |
dc.description.abstract | While the beneficial effects of social trust on economic performance have been largely recognized, we analyze whether these effects can be generalized for economies at different stages of economic development. Contrary to previous studies on this issue based on average effects (mostly considering ordinary least squares estimations), we follow a quantile regression approach that enables us to capture heterogeneous effects of trust for different development levels. By considering data for 80 countries, and using trust indicators from five different waves of the World Values Survey (WVS), our results by quantile indicate that trust is not relevant for the poorest economies, showing the existence of a social poverty trap. In addition, results suggest that the impact of trust on income decreases as an economy becomes richer. This would suggest not only that trust benefits cannot be generalized for all countries, as some previous studies have proposed, but also that the extent of its implications are heavily dependent on the level of development. | ca_CA |
dc.format.extent | 13 p. | ca_CA |
dc.format.mimetype | application/pdf | ca_CA |
dc.language.iso | eng | ca_CA |
dc.publisher | Elsevier | ca_CA |
dc.relation.isFormatOf | This is the author’s version of a work that was accepted for publication in European Journal of Political Economy. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in European Journal of Political Economy, Volume 32, December 2013 DOI http://dx.doi.org/10.1016/j.ejpoleco.2013.09.008 | ca_CA |
dc.relation.isPartOf | European Journal of Political Economy, 2013, Vol. 32 | ca_CA |
dc.rights | Copyright © 2013 Elsevier B.V. All rights reserved. | ca_CA |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | * |
dc.subject | GDP per capita | ca_CA |
dc.subject | Quantile regression | ca_CA |
dc.subject | Trust | ca_CA |
dc.title | Can trust effects on development be generalized? A response by quantile | ca_CA |
dc.type | info:eu-repo/semantics/article | ca_CA |
dc.identifier.doi | http://dx.doi.org/10.1016/j.ejpoleco.2013.09.008 | |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | ca_CA |
dc.relation.publisherVersion | http://www.sciencedirect.com/science/article/pii/S0176268013000761 | ca_CA |
dc.type.version | info:eu-repo/semantics/submittedVersion |
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