How Do High and Low Levels of Social Trust Affect the Long-run Performance of Poor Economies?

被引:4
|
作者
Gundlach, Erich [1 ,2 ]
Svendsen, Gert Tinggaard [3 ]
机构
[1] Univ Hamburg, Dept Econ, Hamburg, Germany
[2] GIGA German Inst Global & Area Studies, Hamburg, Germany
[3] Aarhus Univ, Dept Polit Sci, Bartholins Alle 7, DK-8000 Aarhus, Denmark
关键词
social trust; long-run development; two-sector model; human capital externality; CROSS-COUNTRY; GENERALIZED TRUST; CORRUPTION; GROWTH; TRADE;
D O I
10.1002/jid.3388
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
Poor countries with high levels of social trust are shown to experience a hump-shaped pattern of long-run growth. With social trust modelled as a human capital externality, a calibrated two-sector model replicates the observed hump-shaped growth path. The simulation results imply that a hypothetical poor economy with a high level of social trust, when beginning at a relative income level of 16 per cent, may need about 160 years to reach 50 per cent of the income level of the leading countries. For a hypothetical poor country with a low level of social trust, the process of catching up may only begin after more than 150 years of relative stagnation. (c) 2018 John Wiley & Sons, Ltd.
引用
收藏
页码:3 / 21
页数:19
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