Andreas Bergh
Senior lecturer
Social trust and sharing economy size : country level evidence from home sharing services
Author
Summary, in English
The sharing economy (peer-to-peer based sharing or renting activities coordinated through community-based online services) is often said to be closely related to trust. This paper examines the association empirically. Using data collected from the two sharing economy companies Airbnb and Flipkey that exist in over 100 countries, we construct a measure of sharing economy penetration and examine its correlation with social trust and other potential explanations. Sharing economy penetration is promoted by ICT-infrastructure and economic openness. Conditional on ICT-infrastructure, countries with higher social trust have significantly lower sharing economy penetration. Our conclusion is that sharing economy services do not require high levels of social trust to succeed. Rather, they provide institutions that facilitate trust-intensive economic activities also where social trust is low.
Department/s
- Department of Economics
Publishing year
2020
Language
English
Pages
1592-1595
Publication/Series
Applied Economics Letters
Volume
27
Issue
19
Document type
Journal article
Publisher
Routledge
Topic
- Economics
Keywords
- home sharing
- internet
- Sharing economy
- social trust
Status
Published
ISBN/ISSN/Other
- ISSN: 1350-4851