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Cultural determinants of economic growth: Theory and evidence

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  • Oliver Dieckmann

Abstract

Shortcomings of neoclassical growth theory and growth accounting are viewed as a challenge for cultural economics. Recently, new growth theory has introduced several growth determinants and has closed the gap between theoretical and empirical research. Whether this development leaves space for cultural determinants in explaining economic growth is in the center of this paper. The theoretical analysis shows how an endogenous growth model can be used to explain the impact on economic growth of cultural determinants. The empirical part uses indices from cross-cultural studies to extend recent cross-country growth regressions. Among other Hofstede’s uncertainty avoidance index is shown to be significantly correlated with economic growth. Copyright Kluwer Academic Publishers 1996

Suggested Citation

  • Oliver Dieckmann, 1996. "Cultural determinants of economic growth: Theory and evidence," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 20(4), pages 297-320, December.
  • Handle: RePEc:kap:jculte:v:20:y:1996:i:4:p:297-320
    DOI: 10.1007/s10824-005-7320-0
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    References listed on IDEAS

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    1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 407-443.
    2. Adam Przeworski & Fernando Limongi, 1993. "Political Regimes and Economic Growth," Journal of Economic Perspectives, American Economic Association, vol. 7(3), pages 51-69, Summer.
    3. Barro, Robert J, 1990. "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 103-126, October.
    4. Rebelo, Sergio, 1991. "Long-Run Policy Analysis and Long-Run Growth," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 500-521, June.
    5. Casson Mark, 1993. "Cultural Determinants of Economic Performance," Journal of Comparative Economics, Elsevier, vol. 17(2), pages 418-442, June.
    6. L. Wade, 1988. "Review," Public Choice, Springer, vol. 58(1), pages 99-100, July.
    7. Fershtman, Chaim & Weiss, Yoram, 1993. "Social Status, Culture and Economic Performance," Economic Journal, Royal Economic Society, vol. 103(419), pages 946-959, July.
    8. Balassa, Bela, 1988. "The Lessons of East Asian Development: An Overview," Economic Development and Cultural Change, University of Chicago Press, vol. 36(3), pages 273-290, Supplemen.
    9. Friedman, Milton, 1992. "Do Old Fallacies Ever Die?," Journal of Economic Literature, American Economic Association, vol. 30(4), pages 2129-2132, December.
    10. Paolo Mauro, 1995. "Corruption and Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 110(3), pages 681-712.
    11. Lipset, Seymour Martin, 1993. "Culture and Economic Behavior: A Commentary," Journal of Labor Economics, University of Chicago Press, vol. 11(1), pages 330-347, January.
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    Cited by:

    1. Hassan Bougrine & Teppo Rakkolainen, 2009. "Optimal Economic Growth Using Fiscal and Monetary Policies," Discussion Papers 50, Aboa Centre for Economics.
    2. repec:spr:jknowl:v:8:y:2017:i:1:d:10.1007_s13132-015-0288-x is not listed on IDEAS
    3. repec:spr:jknowl:v:8:y:2017:i:2:d:10.1007_s13132-016-0406-4 is not listed on IDEAS

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    Keywords

    economic growth; culture; endogenous growth;

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