CULTURAL HERITAGE AND INNOVATION

James Ang

Bulletin of Monetary Economics and Banking, 2018, vol. 21, issue 2, 141-148

Abstract: Cultural heritage is a major driver of behavioral, social, and economic norms in a society. This paper studies the relationship between culture and economic development by focusing on how individualism is related to technological innovation. It hypothesizes that individualistic people tend to have beliefs and views that emphasize the importance of innovation and creativity. Using individual-level data from the World Values Survey, the results provide some evidence in favor of this hypothesis.

Keywords: Technology; Innovation; Individualism (search for similar items in EconPapers)
JEL-codes: O30 Z10 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:21:y:2018:i:2:p:141-148

DOI: 10.21098/bemp.v21i1.961

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