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

Paul Eliccel ()
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Paul Eliccel: CEREGMIA - Centre de Recherche en Economie, Gestion, Modélisation et Informatique Appliquée - UAG - Université des Antilles et de la Guyane

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Abstract: The literature has identified a set of factors explaining the accumulation of capital. However, little attention has been paid to the impact of cultural beliefs. This paper, based on economic science, uses data collected from 207 haitian formal sector firms to develop and test a model of capital accumulation integrating socio-cultural traits, including life in the present moment, fatalism, primacy of the hereafter and mutual assistance. The results reveal that the primacy of the beyond, life in the present moment and mutual aid have negative and significant impacts on accumulation of capital. And, fatalism has positive and significant effects on this variable.

Keywords: socio-cultural traits; beliefs; Accumulation of capital; Accumulation du capital; croyances; traits socioculturels (search for similar items in EconPapers)
Date: 2016-02-04
New Economics Papers: this item is included in nep-cul
Note: View the original document on HAL open archive server: https://hal.univ-antilles.fr/hal-01555285
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