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dc.contributor.authorSohn, Kitae
dc.contributor.authorKWON, I.
dc.date.accessioned2017-04-04T02:46:20Z
dc.date.available2017-04-04T02:46:20Z
dc.date.created2017-04-03T10:56:20Z
dc.date.issued2016
dc.identifier.citationSohn, K. and KWON, I. 2016. DOES TRUST PROMOTE ENTREPRENEURSHIP IN A DEVELOPING COUNTRY?. Singapore Economic Review. 61 (2).
dc.identifier.urihttp://hdl.handle.net/20.500.11937/51730
dc.identifier.doi10.1142/S0217590816500144
dc.description.abstract

© 2016 World Scientific Publishing CompanyTrust was found to promote entrepreneurship in the US. We investigated whether this was true in a developing country, Indonesia. We failed to replicate this; this failure was true whether trust was estimated at the individual or community level or whether ordinary least squares (OLS) or two stage least squares (2SLS) was employed. We reconciled the difference between our results and those for the US by arguing that the weak enforcement of property rights in developing countries and the consequent hold-up problem make it more efficient for entrepreneurs to produce generic goods than relationship-specific goods—producing generic goods does not depend on trust.

dc.publisherWorld Scientific Publishing
dc.titleDOES TRUST PROMOTE ENTREPRENEURSHIP IN A DEVELOPING COUNTRY?
dc.typeJournal Article
dcterms.source.volume61
dcterms.source.number2
dcterms.source.issn0217-5908
dcterms.source.titleSingapore Economic Review
curtin.departmentDepartment of Economics & Property
curtin.accessStatusFulltext not available


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