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innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal … effect between culture and institutions. …
Persistent link: https://www.econbiz.de/10008680898
waves of the World Values Survey (1980 to 2005). We thus relate eleven indicators of individual openness to innovation … individual level, examining the relationship between religiosity and a broad set of pro- or anti-innovation attitudes in all five … innovation. …
Persistent link: https://www.econbiz.de/10011265295
We revisit the link between poverty, the middle class and institutional outcomes using a newly developed cross-country panel dataset containing detailed information on the distribution of income and expenditures. When the size of the middle class increases (measured as the proportion of people...
Persistent link: https://www.econbiz.de/10011279274
1950s. Finally, we turn to the determinants of a broad array of development indicators for the year 1960 and for the 1960 …-2000 period. Our main conclusion is that race, rather than political institutions and education policies, is the main force …
Persistent link: https://www.econbiz.de/10009325443
We investigate the impact of slavery on the current performances of the US economy. Over a cross section of counties, we find that the legacy of slavery does not affect current income per capita, but does affect current income inequality. In other words, those counties that displayed a higher...
Persistent link: https://www.econbiz.de/10008742948
economic development. If the sociopolitical, legal and economic transformations in the Anglo-Saxon world in the last three … identification, they too narrowly defined what Northian institutions entail. As a matter of fact, political, legal and economic … institutions are highly malleable even in advanced economies, while sustained economic growth could well be deep rooted in …
Persistent link: https://www.econbiz.de/10010584367
We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions – even those providing the same level of insurance – can lead to … different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected …
Persistent link: https://www.econbiz.de/10008926963
We investigate the determinants of the education gender gap in Italy in historical perspective with a focus on the influence of family structure. We capture the latter with two indicators: residential habits (nuclear vs. complex families) and inheritance rules (partition vs. primogeniture)....
Persistent link: https://www.econbiz.de/10010812506
Ethnic and religious fractionalization have important effects on economic growth and development, but their role in …
Persistent link: https://www.econbiz.de/10005566684
comprehensively characterize the impact of monotheism on early economic development. Monotheist religions produced a paradigm shift in … sociopolitical institutions because they (a) involve a strong degree of increasing returns to scale and the natural monopoly powers … monotheistic religions aided early development both in the West and the Near East until the advent of the Industrial Revolution. …
Persistent link: https://www.econbiz.de/10005762170