عنوان انگلیسی مقاله:
Entrepreneurship, trust and corruption
ترجمه فارسی عنوان مقاله:
کارآفرینی ، اعتماد و فساد
Sciencedirect - Elsevier - European Journal of Political Economy, 65 (2020) 101937: doi:10:1016/j:ejpoleco:2020:101937
I propose a theoretical model where trust towards strangers is a channel through which insti- tutions determine economic outcomes, in particular, entrepreneurship and corruption. More importantly, I show that the role of trust has been overlooked since high levels of trust do not always enhance desirable economic outcomes. Trust helps individuals to participate in eco- nomic exchanges aligned with social welfare, but it also facilitates individuals to cooperate for the achievement of corrupt deals. Under this more general view of trust, the model generates a non-trivial new prediction at the individual level. Speciﬁcally, the individual-level relationship between honesty and trust changes depending on the institutional quality of a country. Dishon- est individuals are the more trusting individuals in countries with poor institutions, and the less trusting in countries with good institutions. Using individual-level data of 80 countries from the World Value Survey and the European Values Study, I present empirical evidence in support of this prediction.
Keywords: Trust | Corruption | Bureaucracy | Entrepreneurship