Kapás, Judit - In: European journal of comparative economics 16 (2019) 1, pp. 41-67
(proxied by individual values) interacts with the stickiest formal institutions in development, which leads to a very special …-togetherness" of values and institutions. Besides establishing that both values and sticky formal institutions are strong determinants … of long-run income, I find that the "stuck-togetherness" of values and institutions acts as a separate factor in …