Respect, responsibility, and production

Janice Boucher Breuer and John McDermott
Authors registered in the RePEc Author Service: Janice Breuer Bass

MPRA Paper from University Library of Munich, Germany

Abstract: We examine the impact of the values respect for others and responsibility on productivity and the accumulation of physical and human capital for a sample of 58 countries. We find that these two core values are important and that their impact is substantial. Respect for others works primarily through productivity whereas responsibility is important to investment in physical and human capital. We also show that respect and responsibility are embedded in institutions and may overcome the negative macroeconomic effects associated with fractionalized societies.

Keywords: values; respect for others; responsibility; institutions; productivity; human capital; output per worker (search for similar items in EconPapers)
JEL-codes: O1 O10 O43 Z1 (search for similar items in EconPapers)
Date: 2009-10
New Economics Papers: this item is included in nep-hrm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:18111

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