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Does education engender cultural values that matter for economic growth?

Author

Listed:
  • Prosper F. Bangwayo-Skeete

    (Government of Cayman Islands)

  • Afaf H. Rahim

    (Philipps-University Marburg)

  • Precious Zikhali

    (VU University Amsterdam)

Abstract

Empirical research has shown that cultural values matter for economic growth and has specifically identified the achievement motivation as an aspect of culture that engenders economic growth. If specific cultural values engender economic growth, how then can societies promote them? This paper attempts to answer this question using the 2005 wave of the World Values Survey data for 43 countries. We test the contention that education significantly impacts the relative importance an individual places on economic achievement vis-à-vis traditional social norms. Results suggest that individuals with higher education levels attach higher importance to values related to autonomy and economic achievement as compared to conformity to traditional social norms. The results have an important implication for efforts to promote economic development; institutions and specifically public policy on education could be used to encourage people to adopt values that are considered important for economic development.

Suggested Citation

  • Prosper F. Bangwayo-Skeete & Afaf H. Rahim & Precious Zikhali, 2009. "Does education engender cultural values that matter for economic growth?," MAGKS Papers on Economics 200928, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    • Handle: RePEc:mar:magkse:200928
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    File URL: https://www.uni-marburg.de/en/fb02/research-groups/economics/macroeconomics/research/magks-joint-discussion-papers-in-economics/papers/2009-papers/28-2009_bangwayo.pdf
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    Cited by:

    1. Riaz, Rida, 2017. "Does Income and education of working-women transform societal values: An evidence from Pakistan," MPRA Paper 80798, University Library of Munich, Germany.
    2. Prosper F. Bangwayo‐Skeete & Precious Zikhali, 2011. "Social tolerance for human diversity in Sub‐Saharan Africa," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 38(6), pages 516-536, May.

    More about this item

    Keywords

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    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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