negatively correlated with growth-supporting formal institutions. -- culture ; economic development ; institutions ; property … rights ; religion …

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, as well as cultural transmission, persistence, and change. Some of …

institutional environment. In this paper, we address these issues by modeling the joint evolution of institutions and culture. In …

on the target segment’s religion. Religion is believed to guide consumers’ judgments and decisions toward luxury. The …