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1、KYKLOS,Vol.62–2009–No.1,103–128DoesTooMuchTrustHamperEconomicGrowth?FelixRothRecentyearshaveseeninterestinthetheoreticalandempiricalrelationshipbetweensocialcapitalandeconomicgrowth.Socialcapitalissaidtobe‘thegluethatholdssocietiestogether’anditisemphasizedthat
2、‘withoutitnoeconomicgrowthorhumanwell-beingispossible’(Serageldin1999,p.iii).Empiricalresearchshowsthatthereisapositiverelationbetweeninterpersonaltrustandeconomicgrowth(KnackandKeefer1997;LaPortaetal.1999;Whiteley2000;ZakandKnack2001;Beugelsdijketal.2004).Incon
3、trasttoexistingworkswhichexaminetherelationshipbetweensocialcapitalandeconomicgrowthusingacross-sectionresearchdesign,thepaperusesapanelresearchdesign.I.THEORETICALLINKSBETWEENSOCIALCAPITAL,TRUSTANDECONOMICGROWTH1.1.SocialCapitalandTrustManyeconomistsfocusonthec
4、onceptoftrustwhentalkingaboutsocialcapital(KnackandKeefer1997;Solow1999;Whiteley2000;BerggrenandJordahl2006;c.f.Bjørnskov2003;Sabatini2008).Tonkiss(2000)commentsthat‘trustregularlyfeatures—togetherwithnormsandnetworks—withindefinitionsofsocialcapital’(p.78).Butho
5、wistrustrelatedtosocialcapital?Althoughtherearevariousdefinitionsofsocialcapital(Bourdieu1983;Coleman1988,1990;Putnam1993;Fukuyama1996,p.26;Temple2001inOECD2001,p.39;Ostrom1999,p.176;Newton1997,p.576;forawiderangeDr.FelixRoth,CentreforEuropeanPolicyStudies,Place
6、duCongre`s1,1000Brussels,BelgiumandIbero-AmerikaInstitut,OecinomicumII/99,PlatzderGo¨ttingerSieben3,37073Go¨ttingen,Germany;E-mail:felix.roth@ceps.eu.IwishtothankStephanKlasen,FranTonkiss,seminarparticipantsoftheresearchseminarforPh.D.candidatesatthechairofSteph
7、anKlasen,theparticipantsinthesummerschoolofthepostgraduateprogrammeTheFutureoftheEuropeanSocialModel,theparticipantsinthe2006RatioColloquiumforYoungSocialScientists:Trust,ReciprocityandSocialCapital,theparticipantsintheworkshopandsummerschoolprogrammeSocialCapit
8、al,CorporateSocialResponsibility,andSustainableEconomicDevelopment,theparticipantsinthePost-GraduateSummerSchoolCivilSociety,SocialCapitalandDemocracyandtheparticipan
