Inherited Trust and Growth
Inherited Trust and Growth
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DOI：
10.1257/aer.100.5.2060
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发表时间：
2010-12-01
影响因子：
10.7
通讯作者：
Cahuc, Pierre
中科院分区：
文献类型：
--
作者：
Algan, Yann;Cahuc, Pierre
本文提出了一种新的方法来揭示信任对经济增长的因果效应，它侧重于信任的继承成分及其时间变化。我们发现，美国移民后代的继承信任显著地受到原籍国和其祖先到达的时间的影响。因此，我们使用美国移民后代的继承信任作为对其原籍国继承信任的时变衡量标准。这一战略允许通过控制国家固定效应，确定继承信任对二十世纪世界经济增长的重大因果影响。(Jel N11、N12、N31、N32、O47、Z13)
This paper develops a new method to uncover the causal effect of trust on economic growth by focusing on the inherited component of trust and its time variation. We show that inherited trust of descendants of US immigrants is significantly influenced by the country of origin and the timing of arrival of their forebears. We thus use the inherited trust of descendants of US immigrants as a time-varying measure of inherited trust in their country of origin. This strategy allows to identify the sizeable causal impact of inherited trust on worldwide growth during the twentieth century by controlling for country fixed effects. (JEL N11, N12, N31, N32, O47, Z13)