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Is the individualism/collectivism dimension decisive in generation of economic growth?

Author

Listed:
  • Sarath BANNEHEKA

    (University of Sri Jayewardenepura, Sri Lanka)

  • Ilya BYSTROV

    (University of Buraimi (UoB), Sultanate of Oman)

Abstract

The article reflects an attempt to investigate the perception that individualistic cultures are more successful from the economic development point of view. Upon analyzing the relationship between individualism index and two economic indicators, it has been revealed that there is no evidence for any distinctive relation between individualism/collectivism dimension of a culture and its economic growth.

Suggested Citation

  • Sarath BANNEHEKA & Ilya BYSTROV, 2015. "Is the individualism/collectivism dimension decisive in generation of economic growth?," STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, Petru Maior University, Faculty of Economics Law and Administrative Sciences, vol. 1, pages 1-14, December.
    • Handle: RePEc:pmu:oecono:v:1:y:2015:p:1-14
    as

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    File URL: http://www.upm.ro/facultati_departamente/ea/RePEc/oeconomica/2015/oeconomica1501_01.pdf
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    References listed on IDEAS

    as
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    3. Erkko Autio & Saurav Pathak & Karl Wennberg, 2013. "Consequences of cultural practices for entrepreneurial behaviors," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 44(4), pages 334-362, May.
    4. Michael H Morris & Duane L Davis & Jeffrey W Allen, 1994. "Fostering Corporate Entrepreneurship: Cross-Cultural Comparisons of the Importance of Individualism Versus Collectivism," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 25(1), pages 65-89, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Individualism; collectivism; economic growth;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

    Statistics

    Access and download statistics

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