This paper reviews recent economics literature on culture, with an emphasis on its relation to the field of long-run growth and development. It examines the key issues debated in the new cultural economics: causal effects of culture on economic outcomes, the origins and social costs of culture,...

Along with the increasing pace of globalization, recent decades faced a dramatically increase in international migrant flows as well. Compared to the flows of trade, capital and knowledge, we observe that contemporaneous complex institutional differences, historical backgrounds, and individuals'...