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espanolSi bien los efectos beneficiosos de la confianza sobre el desarrollo economico han sido ya ampliamente contrastados, en este documento de trabajo se analiza si esos efectos pueden ser generalizados para economias que se encuentran en diferentes etapas de crecimiento economico. A diferencia de estudios previos en esta cuestion y que se han basado en efectos medios (mayoritariamente utilizando minimos cuadrados ordinarios), en este documento se utiliza la regresion cuantil, la cual permite capturar efectos heterogeneos de la confianza para distintos niveles de desarrollo economico. Considerando datos para 80 paises e indicadores de confianza procedentes de cinco oleadas de la World Values Survey (WVS), los resultados por cuantiles indican que la confianza no es relevante para las economias mas pobres, hecho que pone en evidencia la existencia de una trampa social de la pobreza. Ademas, los resultados sugieren no solo que los efectos beneficiosos de la confianza no pueden generalizarse a todos los paises, como algunos estudios previos sugieren, sino tambien que el alcance de sus implicaciones esta fuertemente condicionado al nivel de desarrollo. EnglishWhile the beneficial effects of social trust on economic performance have been largely recognized, we analyze whether these effects can be generalized for economies at different stages of economic development. Contrary to previous studies on this issue based on average effects (mostly considering ordinary least squares estimations), we follow a quantile regression approach that enables us to capture heterogeneous effects of trust for different development levels. By considering data for 80 countries, and using trust indicators from five different waves of the World Values Survey (WVS), our results by quantile indicate that trust is not relevant for the poorest economies, showing the existence of a social poverty trap. In addition, results suggest that the impact of trust on income decreases as an economy becomes richer. This would suggest not only that the benefits of trust cannot be generalized for all countries, as some previous studies have proposed, but also that the extent of its implications are heavily dependent on the level of development.

Can Trust Effects on Development Be Generalized? A Response by Quantile