Are cultural differences good or bad for economic development? Can cultural differences generate conflicts and, therefore, retard economic development? Or can cultural diversity spur creativity and improve economic welfare? These are the type of questions that this chapter addresses. There are...

Declining general trust has become a serious social issue in China in recent years. This paper attempts to understand and analyze this social phenomenon from a social interaction perspective. Based on a repeated prisoners ́dilemma game on networks, it finds that the evolution of general trust...

This paper studies the different mechanisms and the dynamics through which demography is channeled to the economy. We analyze the role of demographic changes in the economic development process by studying the transitional and the long-run impact of both the rate of population growth and the...