Does culture matter for the economic performance of countries? An overview of the literature

Marco Castellani

Journal of Policy Modeling, 2019, vol. 41, issue 4, 700-717

Abstract: From the point of view of economic development, the world is far from being homogeneous. Among the possible causes of such uneven evolution, culture is starting to attract the attention of a growing number of scholars. The present paper surveys some of the most important contributions on culture and economics, with a particular focus on the definition and measurement of culture and on the impact of different cultural traits on economic variables. According to this review of the literature, cultures emphasising individual effort while providing equal opportunities for everyone are more likely to encourage sustained economic growth.

Keywords: Cultural economics; Religion; Economic development; Institutional arrangements (search for similar items in EconPapers)
JEL-codes: Z10 Z12 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:41:y:2019:i:4:p:700-717

DOI: 10.1016/j.jpolmod.2018.06.006

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