Interpersonal trust and people’s trust in institutions are important components of social capital, which has been shown to have not only innate social value but also diverse direct and indirect positive social and economic impacts. Using data for an economically and globally diverse group of countries, we examine empirically how changes in interpersonal trust and trust in institutions affect entrepreneurship over time. Our findings suggest that (1) enhancing either type of trust leads to more entrepreneurial activity and (2) an increase in interpersonal trust causes a structural change in the composition of the TEA-type entrepreneurship. Increased trust reduces the share of relatively lower value-added necessity-driven entrepreneurial activity and increases the share of higher value-added improvement-driven opportunity entrepreneurial activity (Schumpeterian entrepreneurship).

人际信任和人们对制度的信任是社会资本的重要组成部分，已被证明不仅具有与生俱来的社会价值，而且具有多种直接和间接的积极社会和经济影响。我们使用经济和全球多元化国家组的数据，实证研究人际信任和机构信任的变化如何随着时间的推移影响创业。我们的研究结果表明，（1）增强任一类型的信任会导致更多的创业活动，（2）人际信任的增加会导致 TEA 型创业的构成发生结构性变化。