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Culture, Institutions, and Economic Performance

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  • Bagrat Yerznkyan
  • Lily Gassner
  • Anna Kara

Abstract

This paper focuses on the ability of two closely related phenomena, namely culture and institutions (especially the in-formal ones, such as codes of conduct, norms of behavior, and conventions), to impact economic performance.

Suggested Citation

  • Bagrat Yerznkyan & Lily Gassner & Anna Kara, 2017. "Culture, Institutions, and Economic Performance," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(2), pages 71-80.
    • Handle: RePEc:mje:mjejnl:v:13:y:2017:i:2:p:71-80
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    References listed on IDEAS

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    1. George A. Akerlof & Rachel E. Kranton, 2000. "Economics and Identity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(3), pages 715-753.
    2. Richard Adkisson & Randy McFerrin, 2014. "Culture and Good Governance: A Brief Empirical Exercise," Journal of Economic Issues, Taylor & Francis Journals, vol. 48(2), pages 441-450.
    3. Kleiner, George B., 2009. "A New Theory of Economic Systems and Its Application to Economic Policy Studies," RRC Working Paper Series 13, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    4. Greif, Avner, 1994. "Cultural Beliefs and the Organization of Society: A Historical and Theoretical Reflection on Collectivist and Individualist Societies," Journal of Political Economy, University of Chicago Press, vol. 102(5), pages 912-950, October.
    5. Richard Adkisson, 2014. "Quantifying Culture: Problems and Promises," Journal of Economic Issues, Taylor & Francis Journals, vol. 48(1), pages 89-108.
    6. Kleiner, George, 2009. "A New Theory of Economic Systems and Its Application to Economic Police Studies," MPRA Paper 36596, University Library of Munich, Germany.
    7. Mohammed Shuaibu & Popoola Timothy Oladayo, 2016. "Determinants Of Human Capital Development In Africa: A Panel Data Analysis," Oeconomia Copernicana, Institute of Economic Research, vol. 7(4), pages 523-549, December.
    8. Nils Goldschmidt & Bernd Remmele, 2005. "Anthropology as the basic science of economic theory: towards a cultural theory of economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 12(3), pages 455-469.
    9. repec:pes:ierequ:v:11:y:2016:i:4:p:43-62 is not listed on IDEAS
    10. Evgeny Popov & Victoria Simonova, 2015. "The impact of culture on inter-firm relations in corporations," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 11(1), pages 39-52.
    11. Rabin, Matthew, 1993. "Incorporating Fairness into Game Theory and Economics," American Economic Review, American Economic Association, vol. 83(5), pages 1281-1302, December.
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    Cited by:

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    2. Radim Valencik & Petr Wawrosz, 2019. "Economics of Productive Consumption as an Offshoot of Main Currents of Economic Theory," ACTA VSFS, University of Finance and Administration, vol. 13(2), pages 113-134.
    3. Natalia N. Yashalova & Dmitry A. Ruban & Natalia A. Latushko, 2021. "Cultivating Patriotism—A Pioneering Note on a Russian Dimension of Corporate Ethics Management," Administrative Sciences, MDPI, vol. 11(3), pages 1-9, July.

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