Economic Culture and Economic Performance

Edmund Phelps

EconPol Forum, 2024, vol. 25, issue 03, 47-52

Abstract: This paper explores the effects of several cultural values, attitudes, and the like, on some of the main dimensions of economic performance It shows a weak correlation between continental countries’ relative endowment of some cultural attributes and the relative performance of their national economies However, not all of the cultural attributes hypothesized to be important were found to matter for performance And not all continental countries were under-endowed in some of the cultural attributes that mattered a lot

Date: 2024
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