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- Title
Trust and growth: a shaky relationship.
- Authors
Berggren, Niclas; Elinder, Mikael; Jordahl, Henrik
- Abstract
We conduct an extensive robustness analysis of the relationship between trust and growth by investigating a later time period and a bigger sample than in previous studies. In addition to robustness tests that focus on model uncertainty, we systematize the investigation of outlier influence on the results by using the robust estimation technique Least Trimmed Squares. We find that when outliers (especially China) are removed, the trust-growth relationship is no longer robust. On average, the trust coefficient is half as large as in previous findings.
- Subjects
SOCIAL capital; UNCERTAINTY; OUTLIERS (Statistics); ESTIMATION theory; ECONOMIC development; TRUST
- Publication
Empirical Economics, 2008, Vol 35, Issue 2, p251
- ISSN
0377-7332
- Publication type
Article
- DOI
10.1007/s00181-007-0158-x