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Culture, institutions and economic growth

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  • DE JONG, EELKE

Abstract

In his article ‘Institutions and Economic Development: Theory, Policy and History’, Ha-Joon Chang rightly argues that historical evidence does not irrefutably suggest that countries characterized by free markets perform better than those in which the state plays a much more prominent role. However, his method of substantiating his claims by means of examples from different sources and periods does not convince. A more systematic and theoretically founded approach is needed. This comment focuses on the cross-section versus time-series approach and the relation between culture, institutions and economic development.

Suggested Citation

  • De Jong, Eelke, 2011. "Culture, institutions and economic growth," Journal of Institutional Economics, Cambridge University Press, vol. 7(4), pages 523-527, December.
    • Handle: RePEc:cup:jinsec:v:7:y:2011:i:04:p:523-527_00
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    Cited by:

    1. Buchenrieder, Gertrud & Dufhues, Thomas & Theesfeld, Insa & Nuchanata, Mungkung, 2017. "Participatory local governance and cultural practices in Thailand," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 3, pages 1-19.
    2. Bakas, Dimitrios & Kostis, Pantelis & Petrakis, Panagiotis, 2020. "Culture and labour productivity: An empirical investigation," Economic Modelling, Elsevier, vol. 85(C), pages 233-243.

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