The Link Between Trust and Prosperity
The Link Between Trust and Prosperity

Summary/Abstract: In last two decades, trust, as a determinant of economic performance, gained a significant attention in social sciences. Many authors provided evidence of the impact of trust on macroeconomic growth. The paper amends the results of previous empirical studies, based on more recent sample, with new evidence of connection between trust and economic performance on long- term horizon. Thus, the association between level of trust and prosperity, and the interlink with other characteristics of countries economic environments, is investigated. In this paper we worked with expectation of link between interpersonal/institutional trust and economic prosperity.

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