کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7347631 1476501 2018 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Trust and macroeconomic performance: A two-step approach
ترجمه فارسی عنوان
اعتماد و عملکرد اقتصاد کلان: یک رویکرد دو مرحله ای
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
We reexamine the role of trust in macroeconomic performance using a new econometric method, a two-step approach adopted by Di Tella et al. (AER, 2001). In the first step, the measure of trust is constructed from the micro-regression of trust. This method allows us to extract the component of trust that is not influenced by individual-level socio-economic factors. In the second step, measures of macroeconomic performances are regressed on this improved measure of country-level trust. We find a strong positive relationship between the level of trust and real GDP per person stipulated by an increase in investment. Our results also indicate that the impact of trust on macroeconomic variables estimated by previous studies is biased upwards.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 68, January 2018, Pages 293-305
نویسندگان
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