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Cultural impact on national economic growth

Listed author(s):
  • Maridal, J. Haavard
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    Following Fukuyama's (2001) postulation for future research in economic development, this paper examines the cultural hypothesis regarding national economic prosperity. Culture is found to affect economic performance through two channels; cultural traits that stimulate individual motivation, and traits that develop social capital in the population. Culture is defined as a society's beliefs and value system and operationalized through the use of variables from the World Values Survey (WVS). The analysis controls for factors commonly recognized in the economic growth literature. The results are sustained through a sensitivity analysis using a variant of extreme bounds analysis (EBA). Compared with previous empirical studies, this research deepens the cultural analysis, increases the number of observations, and lengthens the time period studied.

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    File URL: http://www.sciencedirect.com/science/article/pii/S1053535712000960
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    Article provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).

    Volume (Year): 47 (2013)
    Issue (Month): C ()
    Pages: 136-146

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    Handle: RePEc:eee:soceco:v:47:y:2013:i:c:p:136-146
    DOI: 10.1016/j.socec.2012.08.002
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/620175

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