Trust, Innovation and Prosperity

Stanislav Szabo (1), Vojtech Ferencz (2), Andreja Pucihar (3)
(1) Technical University of Kosice, Slovakia,
(2) Ministry of Environment of the Slovak Republic, Slovakia,
(3) University of Maribor, Slovenia

Abstract

Economic development and its determinants, esp. trust or innovation are subjects of several scientific studies. Several authors claim the importance of innovation for economic development. Some studies identified that one of the most crucial factor for economic growth and prosperity is the trust between people. Within the research in this paper we have tried to identify the role of interpersonal trust within the innovation vs. prosperity relation. For this purpose and for causality analysis, we have applied decision tree models. Through our analysis of country based data (involved in trust related WVS surveys) in opposition to current studies, we have identified, that interpersonal trust is more significant determinant of innovation development as prosperity.

Full text article

Generated from XML file

References

"Definition of Prosperity". Random House, Inc. 09 & Webster's Revised Unabridged Dictionary. February 2009.

Bálint, T., Bucko, J. and Veja?ka, M., 2012. Trust in Enterprise Networking : an Agent-Based Approach. In: IDIMT-2012: ICT Support for Complex Systems :20th Interdisciplinary Information Management Talks: Jindřichův Hradec, Sept.

-14, 2012, Česká republika. - Linz : Trauner Verlag, 2012 P. 347-354. ISBN 978-3-99033-022-7

Bjørnskov, Ch., 2004. "Inequality, Tolerance, and Growth", Working Papers 04-8, University of Aarhus, Aarhus School of Business, Department of Economics.

Delina, R. and Tkac, M., 2010. The Impacts of Specific ICT Solutions on Productivity. In: IDIMT-2010 Information Technology – Human Values,Innovation and Economy. Linz: Trauner, 2010, ISBN 978-3-85499-760-3.

Delina, R., 2011. Trust building electronic services as a crucial self-regulation feature of digital business ecosystems. In: IDIMT-2011 Interdisciplinarity in Complex Systems: 19th Interdisciplinary Information Management Talks : 7. -

9. 2011, Jindrichův Hradec, Czech Republic, Linz : Trauner Verlag, 2011 pp. 315-327. ISBN 978-3-85499-873-0.

Dor?ák, P. and Delina, R., 2011. Impact of Emarketing Services on Economic Performance. In: Journal of Economics. Vol. 59, No. 1 (2011), pp. 44-58. ISSN 0013-3035.

Durlauf, Steven N. and Fafchamps, M., 2005. "Social Capital", Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth. Elsevier, edition 1, volume 1, chapter 26, pp. 1639-1699.

Fukuyama, F., 1995. Trust: The Social Virtues and the Creation of Prosperity. Free Press, 1995, ISBN 0029109760.

Ganesan, S., 1994. Determinants of long-term orientation in buyer-seller relationships. In: Journal of Marketing. 1994, Vol. 58, pp.1-19. ISSN 0022-2429.

Gavurová, B., 2012. Source Identification of Potential Malfunction of Balanced Scorecard System and Its Influence on System Function. In: E+M Ekonomie a management. Vol. 15, No. 3 (2012), pp. 76-90. ISSN 1212-3609.

Knack, S. and Keefer, P., 1995. Institutions and EconomicPerformance: Cross- Country Tests Using Alternative Institutional Measures. Economics and Politics, Vol. 7, No. 3, pp. 207-227.

Mansfield, E., 1980. Basic research and productivity increase in manufacturing. American Economic Review Vol. 70 No.5, pp. 863–873.

Maryska, M., Doucek, P. and Kunstova, R., 2012. The Importance of ICT Sector and ICT University Education for the Economic Development, Procedia - Social and Behavioral Sciences, Volume 55, 5 October 2012, pp. 1060-1068, ISSN

-0428.

Maxwell, I.E., 2009. Innovation and Economic Growth. In: Managing Sustainable Innovation. Springer US, 2009, pp. 1-8.

Miles P., 2002. Globalisation – Economic Growth and Development and Development Indicators, Planet Papers, [online] Available at: http://www.planetpapers.com/Assets/4302.php.

Nooteboom, B., 2013. Handbook of Advances in Trust Research. Chapter 5: Trust and innovation. Edward Elgar Publishing, 2013. ISBN 9780857931375.

Olson, M., 1996. Big Bills Lying on the Sidewalk: Why Some Nations are Rich and Others Poor. Journal of Economic Perspectives, Vol. 10, No. 2, pp. 3-24.

Pagden, A., 1988. ‘The destruction of trust and its economic consequences in the case of eighteenth-century Naples’, in D. Gambetta (ed.), Trust, the making and breaking of cooperative relations, Oxford: Blackwell, pp. 127-141.

Romer, P.M., 1986. Increasing returns and long-run growth. Journal of Political Economy, Vol. 94 No. 5, pp. 1001-1037.

Rosenberg M. J., (1956). Cognitive structure and attitudinal affect, The Journal of Abnormal and Social Psychology, No. 53, pp. 367-372.

Schumpeter, J.A., 1932. Capitalism, Socialism, and Democracy. Harper and Brothers, New York.

Stokey, N.L., 1995. R&D and economic growth. Review of Economic Studies Vol. 28 No. 4, pp. 1661–1707.

The World Bank. Gini Index. [online] Available at: http://data.worldbank.org/indicator/SI.POV.GINI.

Uslaner, Eric M., 2002. The Moral Foundations of Trust. Cambridge, UK: Cambridge University Press.

Vajda, V. and Delina, R., 2009. Výskum stavu elektronického obchodu v slovenskom priemysle. In: Ekonomie a management. Vol. 12, no. 3 (2009), pp. 91-103. ISSN 1212-3609.

World Economic Forum. Global Competitiveness Report. [online] Available at: http://www.weforum.org/issues/global-competitiveness.

WVS. 2009. WORLD VALUES SURVEY 1981-2008. Official Aggretate v.20090901, 2009. World Values Survey Association (www.worldvaluessurvey.org). Aggregate File Producer: ASEP/JDS, Madrid.

Zak, Paul J. and Knack, S., 1998. Trust and Growth. IRIS WorkingPaper No. 219, University of Maryland, College Park.

Authors

Stanislav Szabo
stanislav.szabo@tuke.sk (Primary Contact)
Vojtech Ferencz
Andreja Pucihar
Szabo, S., Ferencz, V., & Pucihar, A. (2013). Trust, Innovation and Prosperity. Quality Innovation Prosperity, 17(2), 1–8. https://doi.org/10.12776/qip.v17i2.224

Article Details

Similar Articles

<< < 3 4 5 6 7 8 9 10 11 12 > >> 

You may also start an advanced similarity search for this article.

Entrepreneurial Orientation and Transformational Leadership for the Development of Innovation Capabilities

Mauricio Antonio Bedoya, Elkin Pérez-Sanchéz, Cesar Zapata-Molina, Hugo Baier-Fuentes, Blanca...
Abstract View : 682
Download :390

Collaboration with Triple Helix: The Mediating Effect of Mass Media in Expanding SMEs' Information Access

Sunday Noya, Stefanus Yufra M. Taneo, Melany Melany, Santi Widyaningrum
Abstract View : 607
Download :281