Honesty, trust and economic growth - A cross-cultural comparison of western industrialized countries
Honesty, trust and economic growth - A cross-cultural comparison of western industrialized countries
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诚实、信任与经济增长——西方工业化国家的跨文化比较
DOI:
10.1024//0044-3514.32.3.189
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发表时间:
2001
期刊:
影响因子:
--
通讯作者:
van der Geert Vegt
中科院分区:
文献类型:
--
作者:
D. Fetchenhauer;van der Geert Vegt
Summary: This article investigates cross-country differences in economic growth rates from a psychological perspective. Based on social capital theory it is argued that 1) financial honesty and trust are positively correlated with each other when they are aggregated on a country level and that 2) a high level of financial honesty and trust in a given country reduces transaction costs and thus stimulates economic growth. Using data from the World-Value-Surveys in 1981 and 1990 these hypotheses are empirically confirmed. The influence of social capital (i.e., financial honesty and trust) on economic growth was robust and substantial even if a number of relevant variables like gross national product (GNP), urbanization, economic inequality or the proportion of agriculture in gross domestic product were controlled. Thus, it seems worthwhile for economic psychology to further explore the influence of psychological determinants (like trust and honesty) on macroeconomic variables like economic growth or wealth.