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dc.titleThe Elusive Quest for Growth in Latin American and the Caribbean: The Role of Trust
dc.contributor.authorScartascini, Carlos
dc.contributor.authorValle Luna, Joanna
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageLatin America and the Caribbean
dc.date.available2020-07-28T00:00:00
dc.date.issue2020-07-28T00:00:00
dc.description.abstractInterpersonal trust and trust in institutions have been falling steadily over the last couple of decades all over the world. This is particularly problematic because previous research has found strong positive links between trust and economic growth. However, that correlation has yet to be thoroughly explored for Latin America and the Caribbean. This document aims to evaluate that relationship because the recent Covid-19 pandemic and its associated economic crisis has made identifying ways to increase economic development more pressing than ever. Trust could play a key role in addressing the pandemic and related difficulties, and this document identifies some ways in which it could do so.
dc.format.extent40
dc.identifier.doihttp://dx.doi.org/10.18235/0002522
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/The-Elusive-Quest-for-Growth-in-Latin-American-and-the-Caribbean-The-Role-of-Trust.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectPublic Policy
dc.subjectProductivity Growth
dc.subjectEconomic Development
dc.subjectBehavioral Economics
dc.subject.jelcodeO12 - Microeconomic Analyses of Economic Development
dc.subject.jelcodeO11 - Macroeconomic Analyses of Economic Development
dc.subject.jelcodeD91 - Intertemporal Household Choice • Life Cycle Models and Saving
dc.subject.jelcodeD70 - Analysis of Collective Decision-Making: General
dc.subject.jelcodeE02 - Institutions and the Macroeconomy
dc.subject.keywordsLatin America and the Caribbean;growth;Productivity;Trust;Public policy
idb.identifier.pubnumberIDB-PB-00341
idb.operationRG-E1628
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