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This study examines the critical interplay between institutional and cultural backgrounds and their collective impact on economic development, suggesting that their synchronized evolution-timing, pace, and direction-boosts economic development, while misalignment hinders it. It seeks to...
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This paper intends to take a step towards improving our understanding of how culture affects economic development …. Relying on the theory of institutional stickiness (Boettke et al. 2008), the main hypothesis is that the "deep" cultural layer …
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