Central Data Catalog
Citation Information
Type | Journal Article - Working Papers CEB |
Title | The formal and informal institutional framework of capital accumulation |
Author(s) | |
Volume | 43 |
Issue | 3 |
Publication (Day/Month/Year) | 2013 |
Page numbers | 754-771 |
URL | http://dial2013.dauphine.fr/fileadmin/mediatheque/dial2013/documents/Papers/133_Belgique_Meon_Sekkat.pdf |
Abstract | This paper studies the impact of social trust and formal legal institutions on capital accumulation in a panel of countries. The results not only confirm that both social trust and the quality of formal legal institutions have a positive impact on capital accumulation, but also show that they are substitutes. Specifically, the impact on capital accumulation of an upgrade of the quality of formal legal institutions is larger when social trust is low than when social trust is high, and vice versa. These findings apply both to total investment and to its foreign component, foreign direct investment. |
Related studies
» | Africa - Afrobarometer Survey 1999-2001, Merged 12 Country, Institute for Democracy in South Africa (IDASA), Michigan State University (MSU), Ghana Centre for Democratic Development (CDD-Ghana) |
» | Africa - Afrobarometer Survey 2005-2006, Merged 18 Country, Institute for Democracy in South Africa (IDASA), Michigan State University (MSU), Ghana Centre for Democratic Development (CDD-Ghana) |
Meon, Pierre-Guillaume, and Khalid Sekkat. "The formal and informal institutional framework of capital accumulation." Working Papers CEB 43, no. 3 (2013): 754-771.