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Unintended Consequences: The Impact of Factor Endowments, Culture, and Politics on Long-Run Economic Performance

Author

Listed:
  • Deepak Lal

    (University of California, Los Angeles)

Abstract

In this book, based on the 1995 Ohlin Lectures, Deepak Lal provides an accessible, interdisciplinary account of the role of culture in shaping economic performance. Topics addressed include a possible future "clash of civilizations," the role of Asian values in the East Asian economic miracle, the cultural versus economic causes of social decay in the West, and whether modernization leads to Westernization. Lal makes an important distinction between material and cosmological beliefs, showing how both were initially shaped by factor endowments and how they have evolved in response to changing historical pressures in different civilizations.

Suggested Citation

  • Deepak Lal, 2001. "Unintended Consequences: The Impact of Factor Endowments, Culture, and Politics on Long-Run Economic Performance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262621541, December.
    • Handle: RePEc:mtp:titles:0262621541
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    Citations

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    Cited by:

    1. Easterly, William, 2001. "The Middle Class Consensus and Economic Development," Journal of Economic Growth, Springer, vol. 6(4), pages 317-335, December.
    2. Mark Koyama, 2008. "Evading the 'Taint of Usury' Complex Contracts and Segmented Capital Markets," Economics Series Working Papers 412, University of Oxford, Department of Economics.
    3. Greg Hundley & S. Duane Hansen, 2012. "Economic Performance And The Enterprise Culture," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 20(03), pages 245-264.
    4. Pavol Minarik, 2014. "Religion and economic attitudes in post-communist transition," Post-Communist Economies, Taylor & Francis Journals, vol. 26(1), pages 67-88, March.
    5. Zizi Goschin & Monica Roman, 2011. "Religious Affiliation And Economic Performance Of Romanian Emigrants. An Empirical Approach," ERSA conference papers ersa11p686, European Regional Science Association.
    6. Ruttan, Vernon W., 2006. "Social science knowledge and induced institutional innovation: an institutional design perspective," Journal of Institutional Economics, Cambridge University Press, vol. 2(3), pages 249-272, December.
    7. Leonard Dudley, 2005. "Explaining the great divergence: medium and message on the Eurasian land mass, 1700 - 1850," Chapters, in: Alain Marciano & Jean-Michel Josselin (ed.), Law and the State, chapter 4, Edward Elgar Publishing.
    8. Jasmine Mondolo, 2018. "How do informal institutions influence inward FDI? A systematic review," "Marco Fanno" Working Papers 0218, Dipartimento di Scienze Economiche "Marco Fanno".
    9. Kunting Chen, 2012. "Analysis of the Great Divergence under a Unified Endogenous Growth Model," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 317-353, November.
    10. Chakraborty, Shankha & Thompson, Jon C. & Yehoue, Etienne B., 2016. "The culture of entrepreneurship," Journal of Economic Theory, Elsevier, vol. 163(C), pages 288-317.
    11. Jasmine Mondolo, 2019. "How do informal institutions influence inward FDI? A systematic review," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(1), pages 167-204, April.
    12. Vijayaraghavan, Maya & Ward, William A., 2001. "Institutions and Economic Growth: Empirical Evidence for a Cross-National Analysis," Working Papers 112952, Clemson University, Center for International Trade.
    13. Marcus Noland, 2003. "Religion, Culture, and Economic Performance," Working Paper Series WP03-8, Peterson Institute for International Economics.
    14. Roman, Monica & Goschin, Zizi, 2011. "Does religion matter? Exploring economic performance differences among Romanian emigrants," MPRA Paper 31779, University Library of Munich, Germany.
    15. Liggio Leonard P., 2015. "Religious Culture and Customary Legal Tradition: Historical Foundations of European Market Development," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 21(1-2), pages 33-66, December.
    16. Christopher J. Coyne & Peter T. Leeson, 2004. "Read All About It! Understanding the Role of Media in Economic Development," Kyklos, Wiley Blackwell, vol. 57(1), pages 21-44, February.
    17. Boudewijn Bouckaert, 2007. "Bureaupreneurs in China: we did it our way," European Journal of Law and Economics, Springer, vol. 23(2), pages 169-195, April.
    18. Ruttan, Vernon W., 2002. "Social Science Knowledge And Institutional Innovation," Staff Papers 13628, University of Minnesota, Department of Applied Economics.
    19. Forrest Capie, 2016. "Trust, Financial Regulation, and Growth," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 56(1), pages 100-112, March.
    20. Klasing, Mariko J., 2013. "Cultural dimensions, collective values and their importance for institutions," Journal of Comparative Economics, Elsevier, vol. 41(2), pages 447-467.
    21. Joshua J. Lewer & Hendrik Van den Berg, 2007. "Estimating the Institutional and Network Effects of Religious Cultures on International Trade," Kyklos, Wiley Blackwell, vol. 60(2), pages 255-277, May.

    More about this item

    Keywords

    culture; clash of civilizations; factor endowments;
    All these keywords.

    JEL classification:

    • Z1 - Other Special Topics - - Cultural Economics
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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