Trust and Identity in a Small, Post-Socialist, Post-Crisis Society
The principal focus in the substantial literature on impediments to economic development has been on the inadequacies of policies and governance. However, successful economic development requires effectiveness of markets and incentives for investme...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/04/19327174/trust-identity-small-post-socialist-post-crisis-society http://hdl.handle.net/10986/17713 |
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okr-10986-177132021-04-23T14:03:40Z Trust and Identity in a Small, Post-Socialist, Post-Crisis Society Bjørnskov, Christian Bogetić, Željko Hillman, Arye L. Popović, Milenko ACADEMIC SUCCESS BANKS BUSINESS STUDIES CEOS CIVIL WAR COLLECTIVE COLLECTIVE ACTION COLLEGE STUDENTS COMMERCIAL BANKS CONFLICT COUNTERPARTS DEPENDENCE DOCTORAL STUDENTS ECONOMIC DEVELOPMENT ECONOMIC INTERDEPENDENCE ELECTIONS EMPLOYMENT EQUALITY ESTATE FACULTIES FINANCIAL INSTITUTIONS FOREIGN INVESTMENT FOREIGN TRADE FOUNDATIONS FUTURE RESEARCH HUMAN CAPITAL IMF INCOME INCOMES INDIVIDUALS INTERNATIONAL BANK INTERNATIONAL COMPARISON INVESTIGATION JUDGMENTS LABOUR MARKET LIMITED LITERATURE MANAGERS NATIONS NEGOTIATION OPEN ACCESS OPPORTUNISM ORGANIZED CRIME PAPERS PERSONS POLICE POLITICIANS PRIVATE UNIVERSITY PROPERTY RIGHTS PUBLISHERS RECIPROCITY RECONSTRUCTION RENTS REPUTATION RULE OF LAW SOCIAL CAPITAL SOCIAL INTERACTIONS SOCIAL NORMS SOCIETIES SOCIETY STUDENT BODY TAX TAX BASES TAX POLICIES TUITION TUITION FEES UNDERGRADUATE LEVEL UNDERGRADUATE STUDENTS UNIVERSITY BUILDINGS UNIVERSITY STUDENTS VOCATIONAL TRAINING VOLUNTARY ORGANIZATIONS WAR WARS WORKERS WORLD DEVELOPMENT The principal focus in the substantial literature on impediments to economic development has been on the inadequacies of policies and governance. However, successful economic development requires effectiveness of markets and incentives for investment, which in turn require trust. This paper reports on trust in a development context. The paper uses trust experiments, a post-experiment survey, and econometric analysis relating trust to identity and other personal attributes in the setting of Montenegro, a small, recently-independent, post-socialist, post-crisis society. External validity was sought by providing sufficient material reward to balance identity-related expressive motives and by having two groups of subjects, one usual university students and another group that, while also students, was somewhat older and had had greater market or commercial experience. The paper reviews cultural priors that can be expected to affect trust and distinguishes between generalized trust that can be socially beneficial and particularized trust that can be disadvantageous for development. The empirical results suggest that trust among private individuals is not an impediment to development in Montenegro. As a result, policy reform can improve economic and social outcomes. However, the results redirect the focus to issues of governance and political entrenchment as potential explanations for impediments to development. 2014-04-10T18:53:58Z 2014-04-10T18:53:58Z 2014-04 http://documents.worldbank.org/curated/en/2014/04/19327174/trust-identity-small-post-socialist-post-crisis-society http://hdl.handle.net/10986/17713 English en_US Policy Research Working Paper;No. 6828 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Montenegro |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACADEMIC SUCCESS BANKS BUSINESS STUDIES CEOS CIVIL WAR COLLECTIVE COLLECTIVE ACTION COLLEGE STUDENTS COMMERCIAL BANKS CONFLICT COUNTERPARTS DEPENDENCE DOCTORAL STUDENTS ECONOMIC DEVELOPMENT ECONOMIC INTERDEPENDENCE ELECTIONS EMPLOYMENT EQUALITY ESTATE FACULTIES FINANCIAL INSTITUTIONS FOREIGN INVESTMENT FOREIGN TRADE FOUNDATIONS FUTURE RESEARCH HUMAN CAPITAL IMF INCOME INCOMES INDIVIDUALS INTERNATIONAL BANK INTERNATIONAL COMPARISON INVESTIGATION JUDGMENTS LABOUR MARKET LIMITED LITERATURE MANAGERS NATIONS NEGOTIATION OPEN ACCESS OPPORTUNISM ORGANIZED CRIME PAPERS PERSONS POLICE POLITICIANS PRIVATE UNIVERSITY PROPERTY RIGHTS PUBLISHERS RECIPROCITY RECONSTRUCTION RENTS REPUTATION RULE OF LAW SOCIAL CAPITAL SOCIAL INTERACTIONS SOCIAL NORMS SOCIETIES SOCIETY STUDENT BODY TAX TAX BASES TAX POLICIES TUITION TUITION FEES UNDERGRADUATE LEVEL UNDERGRADUATE STUDENTS UNIVERSITY BUILDINGS UNIVERSITY STUDENTS VOCATIONAL TRAINING VOLUNTARY ORGANIZATIONS WAR WARS WORKERS WORLD DEVELOPMENT |
| spellingShingle |
ACADEMIC SUCCESS BANKS BUSINESS STUDIES CEOS CIVIL WAR COLLECTIVE COLLECTIVE ACTION COLLEGE STUDENTS COMMERCIAL BANKS CONFLICT COUNTERPARTS DEPENDENCE DOCTORAL STUDENTS ECONOMIC DEVELOPMENT ECONOMIC INTERDEPENDENCE ELECTIONS EMPLOYMENT EQUALITY ESTATE FACULTIES FINANCIAL INSTITUTIONS FOREIGN INVESTMENT FOREIGN TRADE FOUNDATIONS FUTURE RESEARCH HUMAN CAPITAL IMF INCOME INCOMES INDIVIDUALS INTERNATIONAL BANK INTERNATIONAL COMPARISON INVESTIGATION JUDGMENTS LABOUR MARKET LIMITED LITERATURE MANAGERS NATIONS NEGOTIATION OPEN ACCESS OPPORTUNISM ORGANIZED CRIME PAPERS PERSONS POLICE POLITICIANS PRIVATE UNIVERSITY PROPERTY RIGHTS PUBLISHERS RECIPROCITY RECONSTRUCTION RENTS REPUTATION RULE OF LAW SOCIAL CAPITAL SOCIAL INTERACTIONS SOCIAL NORMS SOCIETIES SOCIETY STUDENT BODY TAX TAX BASES TAX POLICIES TUITION TUITION FEES UNDERGRADUATE LEVEL UNDERGRADUATE STUDENTS UNIVERSITY BUILDINGS UNIVERSITY STUDENTS VOCATIONAL TRAINING VOLUNTARY ORGANIZATIONS WAR WARS WORKERS WORLD DEVELOPMENT Bjørnskov, Christian Bogetić, Željko Hillman, Arye L. Popović, Milenko Trust and Identity in a Small, Post-Socialist, Post-Crisis Society |
| geographic_facet |
Europe and Central Asia Montenegro |
| relation |
Policy Research Working Paper;No. 6828 |
| description |
The principal focus in the substantial
literature on impediments to economic development has been
on the inadequacies of policies and governance. However,
successful economic development requires effectiveness of
markets and incentives for investment, which in turn require
trust. This paper reports on trust in a development context.
The paper uses trust experiments, a post-experiment survey,
and econometric analysis relating trust to identity and
other personal attributes in the setting of Montenegro, a
small, recently-independent, post-socialist, post-crisis
society. External validity was sought by providing
sufficient material reward to balance identity-related
expressive motives and by having two groups of subjects, one
usual university students and another group that, while also
students, was somewhat older and had had greater market or
commercial experience. The paper reviews cultural priors
that can be expected to affect trust and distinguishes
between generalized trust that can be socially beneficial
and particularized trust that can be disadvantageous for
development. The empirical results suggest that trust among
private individuals is not an impediment to development in
Montenegro. As a result, policy reform can improve economic
and social outcomes. However, the results redirect the focus
to issues of governance and political entrenchment as
potential explanations for impediments to development. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Bjørnskov, Christian Bogetić, Željko Hillman, Arye L. Popović, Milenko |
| author_facet |
Bjørnskov, Christian Bogetić, Željko Hillman, Arye L. Popović, Milenko |
| author_sort |
Bjørnskov, Christian |
| title |
Trust and Identity in a Small, Post-Socialist, Post-Crisis Society |
| title_short |
Trust and Identity in a Small, Post-Socialist, Post-Crisis Society |
| title_full |
Trust and Identity in a Small, Post-Socialist, Post-Crisis Society |
| title_fullStr |
Trust and Identity in a Small, Post-Socialist, Post-Crisis Society |
| title_full_unstemmed |
Trust and Identity in a Small, Post-Socialist, Post-Crisis Society |
| title_sort |
trust and identity in a small, post-socialist, post-crisis society |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/04/19327174/trust-identity-small-post-socialist-post-crisis-society http://hdl.handle.net/10986/17713 |
| _version_ |
1764438244809768960 |