CEU Electronic Theses and Dissertations, 2016
| Author | Komándi-Jánosi, Krisztián |
|---|---|
| Title | How does trust affect economic growth through spurring innovation? Analysis of NUTS regions |
| Summary | In this thesis, I aim to investigate the connection between trust, innovation and economic performance between 2000 and 2007 by employing regression models. Specifically, using a sample of NUTS regions in Europe, I seek to find answers for the following four questions: 1) How does trust affect economic growth? 2) How does trust affect innovation? 3) Is there a difference in the sectoral R&D expenditures’ productivity between low and high trust regions? 4) Does trust affect economic growth through spurring innovation? The contribution of my thesis to the existing literature is three-fold. First, this study aims to fill in the space created by a shift in the 2000s in the focus of analyses regarding trust’s effects on the economy toward for example productivity. Second, although using instrumental variables and 2SLS method is widespread, the examination of the transmission channels so far has largely lacked 3SLS methodology which allows to account for endogeneity between channels and economic growth. Third, according to my best knowledge this is the first study which analyses trust’s capability to enhance the productivity of R&D expenditures with respect to innovation by employing interactions terms. |
| Supervisor | Attila, Rátfai |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2016/komandi-janosi_krisztian.pdf |
Visit the CEU Library.
© 2007-2021, Central European University