IDEAS home Printed from https://ideas.repec.org/p/osf/socarx/4vfw7_v1.html
   My bibliography  Save this paper

The predicting abilities of social trust and good governance on economic crisis duration

Author

Listed:
  • Nguyen, Jessica
  • Dihn, Tue
  • Selart, Marcus

Abstract

In this paper, we uncover the relationships among social trust, corruption and the duration of economic crises. Our theoretical foundation is based on a collection of studies from different academic fields, especially political science, sociology and economics. We corroborate our arguments with both descriptive analysis and regression analysis of secondary data. Our dataset includes 11,364 observations distributed across 211 countries. The quantitative findings show that social trust is correlated with the duration of economic crises. Connecting our theoretical stance with the empirical evidence, we propose several possible explanations for the findings and provide both theoretical and practical implications.

Suggested Citation

  • Nguyen, Jessica & Dihn, Tue & Selart, Marcus, 2024. "The predicting abilities of social trust and good governance on economic crisis duration," SocArXiv 4vfw7_v1, Center for Open Science.
    • Handle: RePEc:osf:socarx:4vfw7_v1
    DOI: 10.31219/osf.io/4vfw7_v1
    as

    Download full text from publisher

    File URL: https://osf.io/download/660fefe2943bee21abdfed6d/
    Download Restriction: no
    File URL: https://libkey.io/10.31219/osf.io/4vfw7_v1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Raphael, Steven & Winter-Ember, Rudolf, 2001. "Identifying the Effect of Unemployment on Crime," Journal of Law and Economics, University of Chicago Press, vol. 44(1), pages 259-283, April.
    2. Patrick Sachweh, 2018. "Conditional Solidarity: Social Class, Experiences of the Economic Crisis, and Welfare Attitudes in Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 139(1), pages 47-76, August.
    3. Dix Carneiro,Rafael & Kovak,Brian K., 2015. "Trade reform and regional dynamics : evidence from 25 years of Brazilian matched employer-employee data," Policy Research Working Paper Series 7205, The World Bank.
    4. Robinson, James A. & Torvik, Ragnar & Verdier, Thierry, 2006. "Political foundations of the resource curse," Journal of Development Economics, Elsevier, vol. 79(2), pages 447-468, April.
    5. Janine LESCHKE & Maria JEPSEN, 2012. "Introduction: Crisis, policy responses and widening inequalities in the EU," International Labour Review, International Labour Organization, vol. 151(4), pages 289-312, December.
    6. Christian Bjørnskov, 2012. "How Does Social Trust Affect Economic Growth?," Southern Economic Journal, John Wiley & Sons, vol. 78(4), pages 1346-1368, April.
    7. Ming-Jen Lin, 2008. "Does Unemployment Increase Crime?: Evidence from U.S. Data 1974–2000," Journal of Human Resources, University of Wisconsin Press, vol. 43(2), pages 413-436.
    8. Peter Graeff & Gert Svendsen, 2013. "Trust and corruption: The influence of positive and negative social capital on the economic development in the European Union," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(5), pages 2829-2846, August.
    9. Boix, Carles & Posner, Daniel N., 1998. "Social Capital: Explaining Its Origins and Effects on Government Performance," British Journal of Political Science, Cambridge University Press, vol. 28(4), pages 686-693, October.
    10. Deng, Wen-Shuenn & Lin, Yi-Chen & Gong, Jinguo, 2012. "A smooth coefficient quantile regression approach to the social capital–economic growth nexus," Economic Modelling, Elsevier, vol. 29(2), pages 185-197.
    11. Checchi, Daniele, 2001. "Education, inequality and income inequality," LSE Research Online Documents on Economics 6566, London School of Economics and Political Science, LSE Library.
    12. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December.
    13. Marjolein Jeene & Wim Oorschot & Wilfred Uunk, 2014. "The Dynamics of Welfare Opinions in Changing Economic, Institutional and Political Contexts: An Empirical Analysis of Dutch Deservingness Opinions, 1975–2006," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 115(2), pages 731-749, January.
    14. Rafael Di Tella & Robert J. MacCulloch & Andrew J. Oswald, 2003. "The Macroeconomics of Happiness," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 809-827, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nguyen, Jessica & Dinh, Tue & Selart, Marcus, 2020. "The predicting abilities of social trust and good governance on economic crisis duration," SocArXiv bjkpd_v1, Center for Open Science.
    2. Nguyen, Jessica & Dinh, Tue & Selart, Marcus, 2020. "The predicting abilities of social trust and good governance on economic crisis duration," SocArXiv bjkpd, Center for Open Science.
    3. Friehe, Tim & Müller, Helge & Neumeier, Florian, 2018. "The effect of Western TV on crime: Evidence from East Germany," European Journal of Political Economy, Elsevier, vol. 55(C), pages 346-372.
    4. Simon Luechinger & Stephan Meier & Alois Stutzer, 2010. "Why Does Unemployment Hurt the Employed?: Evidence from the Life Satisfaction Gap Between the Public and the Private Sector," Journal of Human Resources, University of Wisconsin Press, vol. 45(4), pages 998-1045.
    5. Jaewook Byeon & Iljoong Kim & Dongwon Lee, 2018. "Protest and property crime: political use of police resources and the deterrence of crime," Public Choice, Springer, vol. 175(1), pages 181-196, April.
    6. Altindag, Duha T., 2012. "Crime and unemployment: Evidence from Europe," International Review of Law and Economics, Elsevier, vol. 32(1), pages 145-157.
    7. Anne D. Boschini & Jan Pettersson & Jesper Roine, 2007. "Resource Curse or Not: A Question of Appropriability," Scandinavian Journal of Economics, Wiley Blackwell, vol. 109(3), pages 593-617, September.
    8. Timothy Besley & Torsten Persson, 2011. "Pillars of Prosperity: The Political Economics of Development Clusters," Economics Books, Princeton University Press, edition 1, number 9624.
    9. Foureaux Koppensteiner, Martin & Manacorda, Marco, 2016. "Violence and birth outcomes: Evidence from homicides in Brazil," Journal of Development Economics, Elsevier, vol. 119(C), pages 16-33.
    10. Meissner, Christopher M., 2014. "Growth from Globalization? A View from the Very Long Run," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 1033-1069, Elsevier.
    11. Lovett Nicholas, 2018. "Food Stamps, Income Shocks, and Crime: Evidence from California," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 18(4), pages 1-19, October.
    12. Glass, Anthony J. & Kenjegalieva, Karligash & Ajayi, Victor & Adetutu, Morakinyo & Sickles, Robin C., 2016. "Relative Winners and Losers from Efficiency Spillovers in Africa with Policy Implications for Regional Integration," Working Papers 16-003, Rice University, Department of Economics.
    13. Di Liberto, Adriana & Sideri, Marco, 2015. "Past dominations, current institutions and the Italian regional economic performance," European Journal of Political Economy, Elsevier, vol. 38(C), pages 12-41.
    14. Morck, Randall & Nakamura, Masao, 2018. "Japan's ultimately unaccursed natural resources-financed industrialization," Journal of the Japanese and International Economies, Elsevier, vol. 47(C), pages 32-54.
    15. Bhattacharyya, Sambit & Hodler, Roland, 2014. "Do Natural Resource Revenues Hinder Financial Development? The Role of Political Institutions," World Development, Elsevier, vol. 57(C), pages 101-113.
    16. Nathan Nunn & Diego Puga, 2012. "Ruggedness: The Blessing of Bad Geography in Africa," The Review of Economics and Statistics, MIT Press, vol. 94(1), pages 20-36, February.
    17. Remi Jedwab & Adam Storeygard, 2019. "Economic and Political Factors in Infrastructure Investment: Evidence from Railroads and Roads in Africa 1960–2015," Economic History of Developing Regions, Taylor & Francis Journals, vol. 34(2), pages 156-208, May.
    18. Bignon, Vincent & Caroli, Eve & Galbiati, Roberto, 2011. "Stealing to Survive: Crime and Income Shocks in 19th Century France," CEPREMAP Working Papers (Docweb) 1111, CEPREMAP, revised Feb 2013.
    19. Smith, Brock, 2015. "The resource curse exorcised: Evidence from a panel of countries," Journal of Development Economics, Elsevier, vol. 116(C), pages 57-73.
    20. Deiana, C, 2016. "Local Labour Market Effects of Unemployment on Crime Induced by Trade Shocks," Economics Discussion Papers 16529, University of Essex, Department of Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osf:socarx:4vfw7_v1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: OSF (email available below). General contact details of provider: https://arabixiv.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.