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Cultural impact on national economic growth

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  • Maridal, J. Haavard

Abstract

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.

Suggested Citation

  • Maridal, J. Haavard, 2013. "Cultural impact on national economic growth," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 47(C), pages 136-146.
  • Handle: RePEc:eee:soceco:v:47:y:2013:i:c:p:136-146 DOI: 10.1016/j.socec.2012.08.002
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    References listed on IDEAS

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    Cited by:

    1. Burhan, Nik Ahmad Sufian & Mohamad, Mohd Rosli & Kurniawan, Yohan & Sidek, Abdul Halim, 2014. "National Intelligence, Basic Human Needs, and Their Effect on Economic Growth," MPRA Paper 77267, University Library of Munich, Germany.
    2. Mario Coccia, 2017. "General purpose technologies in dynamic systems: visual representation and analyses of complex drivers," IRCrES Working Paper 201705, Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    3. Paul Eliccel, 2016. "Culture and Accumulation of Capital : An Empirical study in the Context Haitian Society
      [Culture et accumulation du capital : une étude empirique dans le contexte social haïtien]
      ," Working Papers hal-01555285, HAL.
    4. Eliccel Paul, 2017. "Culture et accumulation du capital : une étude empirique dans le contexte social haïtien," Working Papers hal-01567104, HAL.

    More about this item

    Keywords

    Culture; Economic growth; Formal institutions; Informal institutions; Social capital;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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