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Can Trust Explain Patience? A Cross-Country Analysis
1 : Maastricht University [Maastricht]
Universiteitssingel 40;6200 MD Maastricht -
Netherlands
Variation in trust positively explains variation in patience. Across countries this
paper finds that a one standard deviation increase in the variation of Trust leads to an increase
of at least 10 percent of variation in Patience. The implication of this result is that generating
and maintaining a trustful environment is fundamental to encourage patience and other
economy enhancing behavior. The results of this study confirm that generating and maintaining
an environment of trust is essential to encourage patience for the advancement of economic
prosperity.
