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Statements

Subject Item
n2:RIV%2F00216208%3A11230%2F13%3A10159139%21RIV14-GA0-11230___
rdf:type
n3:Vysledek skos:Concept
rdfs:seeAlso
http://dx.doi.org/10.1016/j.jce.2012.10.006
dcterms:description
We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian model averaging to deal rigorously with model uncertainty and attendant omitted variable bias. In addition, we address endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities, suggest that trust is an important driver of long-term growth. Our results also show that trust is key for growth in countries with a weak rule of law. Journal of Comparative Economics 41 (3) (2013) 777-788. Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic. We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian model averaging to deal rigorously with model uncertainty and attendant omitted variable bias. In addition, we address endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities, suggest that trust is an important driver of long-term growth. Our results also show that trust is key for growth in countries with a weak rule of law. Journal of Comparative Economics 41 (3) (2013) 777-788. Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic.
dcterms:title
Does trust promote growth? Does trust promote growth?
skos:prefLabel
Does trust promote growth? Does trust promote growth?
skos:notation
RIV/00216208:11230/13:10159139!RIV14-GA0-11230___
n3:predkladatel
n10:orjk%3A11230
n6:aktivita
n15:P
n6:aktivity
P(GBP402/12/G097)
n6:cisloPeriodika
3
n6:dodaniDat
n8:2014
n6:domaciTvurceVysledku
n17:5059704
n6:druhVysledku
n16:J
n6:duvernostUdaju
n18:S
n6:entitaPredkladatele
n20:predkladatel
n6:idSjednocenehoVysledku
70292
n6:idVysledku
RIV/00216208:11230/13:10159139
n6:jazykVysledku
n13:eng
n6:klicovaSlova
Bayesian model averaging; Economic growth; Trust
n6:klicoveSlovo
n9:Bayesian%20model%20averaging n9:Economic%20growth n9:Trust
n6:kodStatuVydavatele
NL - Nizozemsko
n6:kontrolniKodProRIV
[316CEA2BA7F6]
n6:nazevZdroje
Journal of Comparative Economics
n6:obor
n19:AH
n6:pocetDomacichTvurcuVysledku
1
n6:pocetTvurcuVysledku
1
n6:projekt
n21:GBP402%2F12%2FG097
n6:rokUplatneniVysledku
n8:2013
n6:svazekPeriodika
41
n6:tvurceVysledku
Horváth, Roman
n6:wos
000323868800007
s:issn
0147-5967
s:numberOfPages
12
n12:doi
10.1016/j.jce.2012.10.006
n4:organizacniJednotka
11230