Showing 1 - 10 of 76
provide an explanation of why small countries sometimes exclude certain goods (especially those related to culture) from trade …
Persistent link: https://www.econbiz.de/10010261231
Does culture have a causal effect on economic development? The data on European regions suggest that it does. Culture … individual self-determination. To isolate the exogenous variation in culture, I rely on two historical variables used as … level. The exogenous component of culture due to history is strongly correlated with current regional economic development …
Persistent link: https://www.econbiz.de/10010261295
According to the widely known ‘culture of honor’ hypothesis from social psychology, traditional herding practices have …
Persistent link: https://www.econbiz.de/10013308100
This paper studies the role of culture in shaping unemployment outcomes. The empirical analysis is based on local … political jurisdictions. Local contrasts across the language border identify the role of culture for unemployment. Our findings … indicate that differences in culture explain differences in unemployment duration on the order of 20 %. Moreover, we find that …
Persistent link: https://www.econbiz.de/10010274515
Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...
Persistent link: https://www.econbiz.de/10013116042
We revisit Max Weber's hypothesis on the role of Protestantism for economic development. We show that nationalism is crucial to both, the interpretation of Weber's Protestant Ethic and empirical tests thereof. For late nineteenth-century Prussia we reject Weber's suggestion that Protestantism...
Persistent link: https://www.econbiz.de/10012828120
Maximizing output without taking into consideration the negative externalities generated, including the harm to the mental and physical health of the population creates psychological stress. Focusing on the bellwether indicators of economic performance including working more, generating income,...
Persistent link: https://www.econbiz.de/10014237622
I estimate CES aggregate production functions for the US, the UK, Japan, Germany, and Spain using data from the EU KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual property (IP) capital, and traditional capital. I assume...
Persistent link: https://www.econbiz.de/10014243755
the host country's culture. While migrants do act as vectors of cultural diffusion and bring about cultural convergence …
Persistent link: https://www.econbiz.de/10012823554
This paper analyzes economic-social interaction in China in connection with the country's change of economic system. I define an economic system in terms of a multidimensional vector of broad institutional characteristics, and I emphasize that important features of the social development are...
Persistent link: https://www.econbiz.de/10013316625