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Trust, market participation and economic outcomes: Evidence from rural China

Qin,T.
; 
Bulte,E.H.
Abstract
Markets can only function properly in the presence of sufficient trust. We explore the relation between trusting behavior and market integration in rural China. We link the results of a trust experiment to actual behavior in the field (participation in the labor market versus informally exchanging labor), and find that high-trust households are more likely to use formal markets. We proceed by exploring the relation between labor market participation and economic outcomes, finding tentative evidence of a causal relation running from market participation to higher levels of income.
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Date
2010
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Tilburg University Research Output Collection
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Keywords
SDG 8 - Decent Work and Economic Growth, SDG 17 - Partnerships for the Goals
Citation
Qin, T & Bulte, E H 2010, 'Trust, market participation and economic outcomes : Evidence from rural China', World Development, vol. 38, no. 8, pp. 1179-1190.
URI
https://hdl.handle.net/20.500.14602/52258
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