A road to trust
By: Julien Labonne, Robert S. Chase.
Contributors: Chase, Robert S.; World Bank.
Series: Policy research working paper -- 4706; Policy research working papers (Online) -- 4706.
Publisher: World Bank
Published: 2008
Place of publication: [Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Transaction costs -- Phillipines
Description: "The authors explore the relationship between transaction costs and generalized trust.  Using panel data from 2,100 households in 135 rural communities of the Philippines, the paper shows that where transaction costs are reduced (proxied by road construction), there is an increase in generalized trust.  Consistent with the argument that generalized trust is built through repeated interactions, the authors find that the individuals most likely to engage in exchange exhibit an increase in trust after road construction.  These results suggest that, rather than being an input to economic growth, trust might be a product of reduced transaction costs (which also favors growth).   "--World Bank web site.
Notes: Title from PDF file as viewed on 5/18/2009.

Includes bibliographical references.

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Mode of access: World Wide Web.