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How Cultural Values Affect Economic Growth: A Critical Assessment Of The Literature

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  • Judit Kapas

    (University of Debrecen, Hungary)

Abstract

Recently there has been a burgeoning empirical literature analysing how culture affects economic development. This field of research is currently developing further at the border between growth theory and institutional economics. This paper summarizes, and gives a detailed criticism of, this literature. Following the two major routes suggested by the critiques, the author proposes a possible path for further progress in the field.

Suggested Citation

  • Judit Kapas, 2017. "How Cultural Values Affect Economic Growth: A Critical Assessment Of The Literature," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 26(1), pages 265-285, june.
    • Handle: RePEc:avo:emipdu:v:26:y:2017:i:1:p:265-285
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    More about this item

    Keywords

    culture; social capital; trust; economic growth;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G01 - Financial Economics - - General - - - Financial Crises
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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