determinants. We add to the literature by investigating whether the degree to which economic institutions and policies are market … race and a willingness to teach kids tolerance are not strongly affected by how free markets are. Stable monetary policy …

country. This paper provides the first evidence that the positive effect of importing good institutions cancels out when the … receiving territories are characterized by cultural traits in conflict with those embedded in the imported institutions. We … French institutions in Protestant areas. Then, using hand-collected data on pre-Napoleonic reigns we show that kingdoms with …

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 …