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Cultural Traits And Business Sophistication

Author

Listed:
  • Lilianne Pavón Cuellar Ph. D

    (Anáhuac University, Faculty of Economics and Business Administration, México)

  • María del Rocío Durán González MBA Student

    (Anáhuac University, Faculty of Economics and Business Administration, México)

Abstract

Economic growth is a result of greater factor endowments, as well as higher productivity in their use and economic efficiency in their application. Increased productivity is a crucial element for competitiveness, or in other words, in production costs relative to the competition. But the link is not simultaneous nor unique, since competitiveness is also linked to the institutional and social framework where it develops. In order to complement the formal theory of growth with unconventional empirical reference points, this work pretends to demonstrate the importance of national cultural traits for business sophistication. The results demonstrate that this relationship exists, and varies depending on the degree of competitiveness that a country has achieved.

Suggested Citation

  • Lilianne Pavón Cuellar Ph. D & María del Rocío Durán González MBA Student, 2015. "Cultural Traits And Business Sophistication," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(25), pages 49-56, NOVEMBER.
    • Handle: RePEc:aio:rteyej:v:1:y:2015:i:25:p:49-56
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    References listed on IDEAS

    as
    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    2. Johnson, James P. & Lenartowicz, Tomasz, 1998. "Culture, freedom and economic growth: Do cultural values explain economic growth?," Journal of World Business, Elsevier, vol. 33(4), pages 332-356, January.
    3. Robert E. Hall & Charles I. Jones, "undated". "The Productivity of Nations," Working Papers 96012, Stanford University, Department of Economics.
    4. Shane, Scott, 1993. "Cultural influences on national rates of innovation," Journal of Business Venturing, Elsevier, vol. 8(1), pages 59-73, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    cultural traits; business sophistication; competitiveness; economic growth; innovation; institutions.;
    All these keywords.

    JEL classification:

    • O0 - Economic Development, Innovation, Technological Change, and Growth - - General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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