HOW CULTURAL VALUES AFFECT ECONOMIC GROWTH: A CRITICAL ASSESSMENT OF THE LITERATURE

Judit Kapas

Economic Thought and Practice, 2017, vol. 26, issue 1, 265-285

Abstract: Recently there has been a burgeoning empirical literature analysing how culture affects economic development. This field of research is currently developing further at the border between growth theory and institutional economics. This paper summarizes, and gives a detailed criticism of, this literature. Following the two major routes suggested by the critiques, the author proposes a possible path for further progress in the field.

Keywords: culture; social capital; trust; economic growth (search for similar items in EconPapers)
JEL-codes: G01 G21 G38 (search for similar items in EconPapers)
Date: 2017
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