Does education engender cultural values that matter for economic growth?

Prosper Bangwayo-Skeete, Afaf H. Rahim () and Precious Zikhali ()
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Afaf H. Rahim: Philipps-University Marburg
Precious Zikhali: VU University Amsterdam

No 200928, MAGKS Papers on Economics from Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)

Abstract: Empirical research has shown that cultural values matter for economic growth and has specifically identified the achievement motivation as an aspect of culture that engenders economic growth. If specific cultural values engender economic growth, how then can societies promote them? This paper attempts to answer this question using the 2005 wave of the World Values Survey data for 43 countries. We test the contention that education significantly impacts the relative importance an individual places on economic achievement vis-à-vis traditional social norms. Results suggest that individuals with higher education levels attach higher importance to values related to autonomy and economic achievement as compared to conformity to traditional social norms. The results have an important implication for efforts to promote economic development; institutions and specifically public policy on education could be used to encourage people to adopt values that are considered important for economic development.

Keywords: Cultural Values; Education; Ordered Probit; Semi-Nonparametric Estimation (search for similar items in EconPapers)
JEL-codes: D02 I21 O15 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2009
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Citations: View citations in EconPapers (1)

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https://www.uni-marburg.de/en/fb02/research-groups ... 28-2009_bangwayo.pdf First version, 2009 (application/pdf)

Related works:
Journal Article: Does education engender cultural values that matter for economic growth? (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:mar:magkse:200928

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