Cultural Transmission, Education-Promoting Attitudes, and Economic Development
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Dimitrios Varvarigos: University of Leicester
Review of Economic Dynamics, 2020, vol. 37, 173-194
This study emphasises the interdependence between physical capital formation and the cultural transmission of human capital-promoting attitudes and values. It demonstrates how this interdependence establishes a powerful propagation mechanism that generates multiple, divergent paths of economic development. It also highlights the role of physical capital formation in expanding the conditions that are propitious to path-dependency in models of cultural transmission: Even in the absence of a cultural complementarity, the long-run equilibrium is sensitive to the initial distribution of cultural attitudes among the population, as long as the combined effects of physical capital formation and social segregation permeate the process of cultural transmission. (Copyright: Elsevier)
Keywords: Cultural transmission; Economic growth; Education (search for similar items in EconPapers)
JEL-codes: A13 I25 O40 Z10 (search for similar items in EconPapers)
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