Social Capital, Corruption and Economic Growth: Eastern and Western Europe

摘要: We hypothesize, that power centralisation in a political system leads to more corruption due the monopoly status of bureaucrats. Corruption again would then lead lower level social capital, here measured as trust, and slow down economic growth even further. Indeed, when comparing tables weighted averages for highly corrupt countries such those Eastern Europe, also tend have lowest trust. In general, low levels trust (measured general civic participation) are related smaller Gross Domestic Product per capita levels. A similar pattern is observed within Western Europe. European Union, ‘Northern EU’ member states generally hold less corruption, higher compared ‘Southern states. perspective, fate Europe could be lesson how decentralise accumulate future thus establishing better policies business climate entrepreneurship.