文章基本信息

标题：Valuation of Trust in Government: The Wellbeing Valuation Approach
本地全文：下载
作者：Savinee Suriyanrattakorn ; Chia-Lin Chang
期刊名称：Sustainability
印刷版ISSN：2071-1050
出版年度：2021
卷号：13
期号：19
页码：11000
DOI：10.3390/su131911000
语种：English
出版社：MDPI, Open Access Journal
摘要：Subjective wellbeing maximization is a possible goal of government or public policies, and it is often considered the goal of individual life. This paper proposes an estimation using the Wellbeing Valuation Approach (WVA) to estimate the monetized effect of trust in government. Using a cross-country panel data set for 97 countries in the period from 2011 to 2019, we arrive at three main findings. First, there is a positive relationship between trust in national government and average life satisfaction. Second, trust in the national government has a global median value of Intl$ 5649 per person a year in foregone income. Third, trust affects life satisfaction directly as well as indirectly through per capita GDP. This indirect effect is considered relatively small compared to the direct effect, being approximately six times smaller. This study contributes to the policy evaluation literature by providing an evaluation of trust in government to be used as a proxy to plan future investment or policy assessment.
关键词：life satisfaction; trust in government; confidence in national government; subjective wellbeing; wellbeing valuation approach