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Institutions of economic freedom and generalized trust

Evidence from the Eurobarometer surveys

Bibliographic Data

ID12658201
AuthorsAntonio Saravia (0000-0002-5215-4103, Eugene W. Stetson School of Business and Economics, Mercer University , 1501 Mercer University Drive, Macon, GA 31207, corresponding author)
Year2016
Volume18
Issue1
Pages5-24
Publication date2016-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEuropean Societies (JOURNAL)
Journal identifiersISSN: 1461-6696 • E-ISSN: 1469-8307
PublisherRoutledge (PUBLISHER • GB)
DOI10.1080/14616696.2015.1134800
OpenAlexW2291317667
LanguageEN
Citations received3
References cited31

We investigate the correlation between institutions of economic freedom and generalized trust. The data we use are derived from the Eurobarometer surveys and measure how trustworthy nationals of a particular country are in the eyes of nationals of other countries. By using these data we avoid the presence of double causality between institutions of economic freedom and generalized trust that has been recognized as a major challenge in the literature. Indeed, external perceptions of trustworthiness are exogenous to the internal institutional building process. We find that during the 1980s and 1990s a 10% increase in the Economic Freedom of the World Index was associated with a 2.5% increase in generalized trust in the countries in our sample

Causality (physics · Economic freedom · Economics · Eurobarometer · Index (typography · International trade · Perception · Political science · Public economics · Sample (material · Statistics · Survey data collection · Trustworthiness · World Values Survey · Computer Science · Culture, Economy, and Development Studies · Economic Policies and Impacts · Law · Mathematics · Psychology · Social Capital and Networks · Social Psychology

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Unique citing works3
Citations per year0,38
Citation span2018 - 2025 (8)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 3

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