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Is the individualism/collectivism dimension decisive in generation of economic growth?

Sarath Banneheka and Ilya Bystrov
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Sarath Banneheka: University of Sri Jayewardenepura, Sri Lanka
Ilya Bystrov: University of Buraimi (UoB), Sultanate of Oman

STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, 2015, vol. 1, 1-14

Abstract: The article reflects an attempt to investigate the perception that individualistic cultures are more successful from the economic development point of view. Upon analyzing the relationship between individualism index and two economic indicators, it has been revealed that there is no evidence for any distinctive relation between individualism/collectivism dimension of a culture and its economic growth.

Keywords: Individualism; collectivism; economic growth (search for similar items in EconPapers)
JEL-codes: A10 E00 (search for similar items in EconPapers)
Date: 2015
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