Trust as the determinant of innovative development of economy on the example of Poland, Czech Republic, Germany and Finland

Abstract:

The purpose of this paper is to analyse the impact of social trust on the creation of innovative economy. In order to achieve that purpose, countries of different level of innovation were selected. Then, different levels of trust in interpersonal relations were determined and correlation matrixes were calculated taking into account the SII and OECD II indicators. Based on these analyses, conclusions were drawn, which suggest strong correlations between the examined determinants. An attempt was made to identify the indicators that are the most affected by trust. The paper is analytical and it may be used in innovation-related modelling.

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