Kapás, Judit - In: European journal of comparative economics 16 (2019) 1, pp. 41-67
(proxied by individual values) interacts with the stickiest formal institutions in development, which leads to a very special … unique role of individual values in development. The cross-country empirical analyses provide details as regards the "stuck … that better formal institutions increase the marginal income-increasing effect of those individual values that are …