Showing 1 - 10 of 2,157
While both cultural and legal norms (institutions) help foster cooperation, culture is the more primitive of the two … and itself sustains formal institutions. Cultural changes are rarer and slower than changes in legal institutions, which … makes it difficult to identify the role played by culture. Cultural changes and their effects are easier to identify in …
Persistent link: https://www.econbiz.de/10013027280
between culture and institutions …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 …
Persistent link: https://www.econbiz.de/10013071464
innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … effect between culture and institutions … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10013069257
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 …
Persistent link: https://www.econbiz.de/10013023685
The fundamental feature of private contracting is its relational nature. When faced with unforeseen or unexpected circumstances, private parties, as long as the relation remains worthwhile, adjust their required performance without the need for costly renegotiation or formal recontracting....
Persistent link: https://www.econbiz.de/10012758508
We exploit differences in the mortality rates faced by European colonialists to estimate the effect of institutions on … different associated institutions. The choice of colonization strategy was, at least in part, determined by whether Europeans … likely to set up worse (extractive) institutions. These early institutions persisted to the present. We document evidence …
Persistent link: https://www.econbiz.de/10013236802
We revisit the debate over whether political institutions cause economic growth, or whether, alternatively, growth and … establish the proposition that institutions cause growth are constructed to be conceptually unsuitable for that purpose. We also … variety of additional evidence, suggest that a) human capital is a more basic source of growth than are the institutions, b …
Persistent link: https://www.econbiz.de/10013227522
cultural heterogeneity, the world's geographical fragmentation by ethic and religious traits, at any given time. Finally, the …
Persistent link: https://www.econbiz.de/10013136354
Scholars of literature have devoted considerable attention to what they have called confessional or personal poetry, in which Robert Lowell, Sylvia Plath, and a series of other poets, from the 1950s on, made their art out of the experiences of their own lives. Yet art scholars have not analyzed...
Persistent link: https://www.econbiz.de/10012842524
Aggregate art price patterns mask a lot of underlying variation--both in the time series and in the cross- section. We argue that, to increase our understanding of the market for aesthetics, it is helpful to take a micro perspective on the formation of art prices, and acknowledge that each...
Persistent link: https://www.econbiz.de/10012856537