Zaufanie, skłonność do pomocy i uczciwość a wzrost gospodarczy w Europie

English title: Trust, Helpfulness, and Fairness and Economic Growth in Europe

Author(s): Ewa Ambroziak - Paweł Starosta - Jan Jacek Sztaudynger -

Language: Polish

Type: Journal article

Year: 2016

Abstract

The article an attempt to assess the impact of three components of social capital: trust, helpfulness, and fairness on economic growth in Europe. The first part of the paper discusses the concepts of social capital and the related concept of trust. The second part gives an overview of the selected research hitherto conducted on the subject. The next parts present the econometric model employed by the authors in order to estimate the impact of the cooperation capital and its three components on economic growth (based on a modified and augmented Cobb-Douglas function). The empirical analysis was made on a sample including panel data for 22 European countries in the period 2006–2012. The tested model includes three interrelated components of social capital: trust, helpfulness, and fairness, which can be combined into an aggregated variable called, ‘cooperation capital’. The results suggest that ca. 1/6 of the economic growth (measured by the GD P growth rate) may be ascribed to the effect of the increase in cooperation capital, but 80% of this effect occurs with 1–3 years lag. The three-component cooperation capital better explains economic growth than the traditional, one-component trust indicator. The estimated model suggests that most important for economic growth is the increase in the helpfulness. This indicates the key importance of helpfulness and cooperation in boosting economic activity.

Volume: 0

Issue: 5

From page no: 647

To page no: 673

Refereed: Yes

DOI:

Journal: Ekonomista

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