IDEAS home Printed from https://ideas.repec.org/a/eme/ijdipp/v8y2009i1p40-47.html
   My bibliography  Save this article

The role of individual values in the process of economic growth

Author

Listed:
  • William DiPietro

Abstract

Purpose - The purpose of the paper is to investigate whether, and, if so, to what extent, the valuation that nations place on individual personality traits change with economic growth and development. Design/methodology/approach - The paper compares the averages of the cross-country valuations of eight different personality characteristics for various levels of development, and, in addition, employs cross-country regression analysis to assess the impact of economic growth on the value placed on these characteristics. Findings - In general, the findings of both the comparative analysis and the cross-country regression analysis indicate that the valuation counties place on individual personality characteristics change with economic growth and development, and for certain characteristics, rather dramatically. Research limitations/implications - A major implication of the findings of the paper is that economic growth may not just act in a neutral fashion by merely providing additional material goods, but may have profound effect on future national identity, on the definition of the type of individual that a nation values. Practical implications - Since economic growth changes the way personality characteristics are valued by a nation, it is possible that the growth process itself can alter the future growth prospects of a nation, because some personality characterizes are apt to be growth fostering, while others are likely to be growth inhibiting. Originality/value - The paper should be of interest to anyone interested in the changes brought about by growth and development.

Suggested Citation

  • William DiPietro, 2009. "The role of individual values in the process of economic growth," International Journal of Development Issues, Emerald Group Publishing, vol. 8(1), pages 40-47, June.
  • Handle: RePEc:eme:ijdipp:v:8:y:2009:i:1:p:40-47
    as

    Download full text from publisher

    File URL: http://www.emeraldinsight.com/10.1108/14468950910967056?utm_campaign=RePEc&WT.mc_id=RePEc
    Download Restriction: Access to full text is restricted to subscribers

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:ijdipp:v:8:y:2009:i:1:p:40-47. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Virginia Chapman). General contact details of provider: http://www.emeraldinsight.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.