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Culture in Development

Author

Listed:
  • Shankha Chakraborty
  • Jon C. Thompson
  • Etienne B. Yehoue

Abstract

An anti-capitalist cultural bias, through directed within-family human capital transmission, adversely affects the supply of entrepreneurial talent and risk-taking. This limits economic progress if aggregate productivity is low. When productivity is high, economic incentives can overcome cultural inertia. Though the income level depends on culture, the growth rate in this case does not.

Suggested Citation

  • Shankha Chakraborty & Jon C. Thompson & Etienne B. Yehoue, 2015. "Culture in Development," The World Bank Economic Review, World Bank, vol. 29(suppl_1), pages 238-246.
    • Handle: RePEc:oup:wbecrv:v:29:y:2015:i:suppl_1:p:s238-s246.
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    File URL: http://hdl.handle.net/10.1093/wber/lhv018
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    Cited by:

    1. Farzana AFRIDI & Monisankar BISHNU & Kanika MAHAJAN, 2024. "What determines women's labor supply? The role of home productivity and social norms," JODE - Journal of Demographic Economics, Cambridge University Press, vol. 90(1), pages 55-87, March.
    2. Evan, Tomáš & Holý, Vladimír, 2023. "Cultural diversity and its impact on governance," Socio-Economic Planning Sciences, Elsevier, vol. 89(C).
    3. Chakraborty, Shankha & Thompson, Jon C. & Yehoue, Etienne B., 2016. "The culture of entrepreneurship," Journal of Economic Theory, Elsevier, vol. 163(C), pages 288-317.
    4. Tom'av{s} Evan & Vladim'ir Hol'y, 2021. "Cultural Diversity and Its Impact on Governance," Papers 2112.11563, arXiv.org, revised May 2024.
    5. Wuepper, David & Drosten, Barbara, 2015. "Economic Implications of Historically Evolved Self-Efficacy: Agent-Based Modeling and Empirical Evidence from Rural Ghana," MPRA Paper 65413, University Library of Munich, Germany.

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