Generalized Trust, Helpfulness, Fairness and Growth in European Countries A Revised Analysis
نویسندگان
چکیده
This research is an attempt to assess the impact of trust, helpfulness, and fairness on economic growth in Europe. The first part paper highlights concept social capital related while second gives overview selected hitherto conducted subject. third presents econometric model based a modified Cobb‑Douglas production function. we propose includes three interrelated variables: generalized fairness, which can be combined into aggregated variable, called ‘cooperation capital’. pooled sample covers years 2006–2018 22 European countries. Social Survey data provides chance examine previously inaccessible measurement bridging increase growth. results suggest that approximately 1/8 (measured by GDP rate) may ascribed effect cooperation capital. In addition, 86% this occurs with 1–4 year lag. three‑component explains better than trust exclusively. estimated suggests helpfulness among people has largest As outcomes also clearly show, are key factors for
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ژورنال
عنوان ژورنال: Comparative Economic Research
سال: 2022
ISSN: ['1508-2008', '2082-6737']
DOI: https://doi.org/10.18778/1508-2008.25.25