cultural traitsculture and institutionseconomic outcomesinstitutional analysistwo-way causal effect
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Abstract (AI)
A growing body of empirical work measuring different types of cultural traits has shown that culture matters for a variety of economic outcomes. This paper focuses on one specific aspect of the relevance of culture: its relationship to institutions. We review work with a theoretical, empirical, and historical bent to assess the presence of a two-way causal effect between culture and institutions. ( JEL D02, D72, I32, J12, Z13)
Key Findings
1
Empirical research indicates that cultural traits significantly influence a variety of economic outcomes.
2
The paper examines culture’s specific relationship with institutions using theoretical, empirical, and historical evidence.
3
The reviewed literature supports investigating a bidirectional causal relationship in which culture affects institutions and institutions affect culture.
Research Object
Culture and institutions (the relationship between cultural traits and institutional arrangements)
Research Subject
The bidirectional causal relationship between culture and institutions
Publication Details
Publication Date
2015-12-01
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