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Does education engender cultural values that matter for economic growth?

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Author Info

  • Prosper F. Bangwayo-Skeete

    ()
    (Government of Cayman Islands)

  • Afaf H. Rahim

    ()
    (Philipps-University Marburg)

  • Precious Zikhali

    ()
    (VU University Amsterdam)

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    Abstract

    Empirical research has shown that cultural values matter for economic growth and has specifically identified the achievement motivation as an aspect of culture that engenders economic growth. If specific cultural values engender economic growth, how then can societies promote them? This paper attempts to answer this question using the 2005 wave of the World Values Survey data for 43 countries. We test the contention that education significantly impacts the relative importance an individual places on economic achievement vis-à-vis traditional social norms. Results suggest that individuals with higher education levels attach higher importance to values related to autonomy and economic achievement as compared to conformity to traditional social norms. The results have an important implication for efforts to promote economic development; institutions and specifically public policy on education could be used to encourage people to adopt values that are considered important for economic development.

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    File URL: http://www.uni-marburg.de/fb02/makro/forschung/magkspapers/28-2009_bangwayo.pdf
    File Function: First version, 2009
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    Bibliographic Info

    Paper provided by Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) in its series MAGKS Papers on Economics with number 200928.

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    Length: 20 pages
    Date of creation: 2009
    Date of revision:
    Publication status: Forthcoming in
    Handle: RePEc:mar:magkse:200928

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    Postal: Universitätsstraße 25, 35037 Marburg
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    Web page: http://www.uni-marburg.de/fb02/
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    Related research

    Keywords: Cultural Values; Education; Ordered Probit; Semi-Nonparametric Estimation;

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    Cited by:
    1. Prosper F. Bangwayo-Skeete & Precious Zikhali, 2011. "Social tolerance for human diversity in Sub-Saharan Africa," International Journal of Social Economics, Emerald Group Publishing, vol. 38(6), pages 516-536, May.

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