Cultural Heritage and Growth
AbstractIn an attempt to measure the impact of cultural heritage on growth, this paper matches the definition of culture as a stock with the cultural heritage list provided by UNESCO, as it is a variable that changes at a very low pace. We test the hypothesis on whether the existence of a strong cultural heritage, that is, where culture has had a large impact on people's life, leads to higher growth. We find evidence that the impact of cultural heritage on growth is positive and it is smaller for countries that either suffer a high degree of political instability or enjoy a high degree of rule of law.
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Bibliographic InfoPaper provided by Department of Economics, University of Kent in its series Studies in Economics with number 0303.
Date of creation: Oct 2003
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Postal: Department of Economics, University of Kent at Canterbury, Canterbury, Kent, CT2 7NP
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Find related papers by JEL classification:
- D99 - Microeconomics - - Intertemporal Choice and Growth - - - Other
- O50 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - General
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-10-20 (All new papers)
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