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Trust, Innovation and Prosperity

Author

Listed:
  • Stanislav Szabo
  • Vojtech Ferencz
  • Andreja Pucihar

Abstract

Economic development and its determinants, esp. trust or innovation are subjects of several scientific studies. Several authors claim the importance of innovation for economic development. Some studies identified that one of the most crucial factor for economic growth and prosperity is the trust between people. Within the research in this paper we have tried to identify the role of interpersonal trust within the innovation vs. prosperity relation. For this purpose and for causality analysis, we have applied decision tree models. Through our analysis of country based data (involved in trust related WVS surveys) in opposition to current studies, we have identified, that interpersonal trust is more significant determinant of innovation development as prosperity.

Suggested Citation

  • Stanislav Szabo & Vojtech Ferencz & Andreja Pucihar, 2013. "Trust, Innovation and Prosperity," Quality Innovation Prosperity, Technical University of Košice, Department of integrated management, vol. 17(2).
    • Handle: RePEc:tuk:qipqip:v:17:y:2013:i:2:1
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    File URL: http://www.qip-journal.eu/index.php/QIP/article/view/224/206
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    Citations

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    Cited by:

    1. Anca Munteanu, 2015. "Does it Pay Off to be trusting in Romania? Social Capital Effects on Income Distribution," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 5(10), pages 78-85, October.
    2. NataSa URBANÈiKOVA & Ladislav SUHANYI, 2015. "Investment Preferences Of Cities And Regions By The General Population," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 10(2), pages 36-51, May.
    3. Olya, Hossein GT & Mehran, Javaneh, 2017. "Modelling tourism expenditure using complexity theory," Journal of Business Research, Elsevier, vol. 75(C), pages 147-158.
    4. István Kovács & Ildikó Petruska, 2016. "Analysis of Sectoral Features in Hungarian Accredited Innovation Clusters," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 12(01), pages 61-69.

    More about this item

    Keywords

    electronic reverse auction; strategies; configurations; quality; innovation; e-procurement;
    All these keywords.

    JEL classification:

    • Z - Other Special Topics

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