Ključne determinante akumulacije poverenja u postsocijalističkim privredama
Key Determinants Of Trust Accumulation In Postsocialist Countries

Summary/Abstract: Although economic theory has recently been enriched with numerous studies of the effects that trust produces on various economic outcomes, the research of the sources and main determinants of trust has been neglected. The paper deals with both individual and aggregate determinants of trust, implying that the key factors that promote trust are specific economic and institutional conditions in a given country. Special importance for stimulating trust is ascribed to institutions of a market economy, primarily legal structure and protection of property rights, which create the necessary legal framework for the realization of economic transactions. The paper also focuses on particularly significant type of trust – trust in formal institutions, concluding that it is strongly determined by the citizens’ perceptions of the quality and performance of state institutions. Finally, some strategies for promoting trust both in economic partners and the state institutions are proposed.

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