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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
We investigate the role of national institutions on subnational African development in a novel framework that accounts …, residing in homogeneous geographic areas, to different formal institutions. Using both a matching-type and a spatial regression …-effect of national institutions on ethnic development masks considerable heterogeneity partially driven by the diminishing role …
Persistent link: https://www.econbiz.de/10013224396
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
We use variation in historical state centralization to examine the impact of institutions on cultural norms. The Kuba … Kingdom, established in Central Africa in the early 17th century by King Shyaam, had more developed state institutions than … institutions are associated with weaker norms of rule-following and a greater propensity to cheat for material gain …
Persistent link: https://www.econbiz.de/10013010286
Major crises—from terrorist attacks to outbreaks of disease—bring the trade-off between individual civil liberties and national security or well-being into sharp relief. In this paper, we study to what extent individual preferences for protecting rights and civil liberties are elastic to...
Persistent link: https://www.econbiz.de/10013221953
-specific characteristics such as the level of political freedom are taken into account. Political freedom is shown to explain terrorism, but it … does so in a non-monotonic way: countries in some intermediate range of political freedom are shown to be more prone to … terrorism than countries with high levels of political freedom or countries with highly authoritarian regimes. This result …
Persistent link: https://www.econbiz.de/10013243972
freedom. Hayek (1960) distinguishes two ways in which the judiciary provides such checks and balances: judicial independence … greater freedom. Consistent with theory, judicial independence accounts for some of the positive effect of common law legal … origin on measures of economic freedom. The results point to significant benefits of the Anglo-American system of government …
Persistent link: https://www.econbiz.de/10012762813
This study examines the influence of institutional environment on capital structure and debt maturity choices by examining a cross-section of firms in 39 developed and developing countries. We find that a country's legal and tax system, the level of corruption and the preferences of capital...
Persistent link: https://www.econbiz.de/10013224407