and asset prices first rise and then fall. These results are in line with the post-globalization dynamics observed in …

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 … collectivism, in line with recent advances in biology and neuro-science. The effect of culture on long-run growth remains very …

disentangle the effects of culture, legal institutions, and poverty in driving violence. We address this problem by exploiting a …

based on differences in average answers to questions from the World Values Survey. Using a simple theoretical model we …

culture are more likely to end up adopting democracy earlier than countries with a collectivist culture. Our empirical … analysis suggests a strong and robust association between individualistic culture and average polity scores and length of … countries with collectivist culture are also more likely to experience autocratic breakdowns and transitions from autocracy to …

We investigate the empirical relationship between ethnicity and culture, defined as a vector of traits reflecting norms … predictor of cultural values, yet that within-group variation in culture trumps between-group variation. Thus, in contrast to a … overlap between culture and ethnicity, finding that the level of economic development is positively associated with cultural …

recorded since the end of World War II, surpassing the heights reached during the First World War and the Great Depression. At …