Individualism, innovation, and long-run growth

Individualism, innovation, and long-run growth

Countries having a more individualist culture have enjoyed higher long-run growth than countries with a more collectivist culture. Individualist culture attaches social status rewards to personal achievements and thus, provides not only monetary incentives for innovation but also social status rewar...

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Veröffentlicht in:Proceedings of the National Academy of Sciences - PNAS 2011-12, Vol.108 (Supplement 4), p.21316-21319
Hauptverfasser: Gorodnichenko, Yuriy, Roland, Gerard
Format: Artikel
Sprache:eng
Schlagworte:
Blood groups
Business innovation
Collectivism
COLLOQUIUM PAPERS
culture and humanities
economic development
Final goods
Individualism
Instrumental variables
new technology
Social classes
Social innovation
socioeconomic status
Technological innovation
technology
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Beschreibung
Zusammenfassung:Countries having a more individualist culture have enjoyed higher long-run growth than countries with a more collectivist culture. Individualist culture attaches social status rewards to personal achievements and thus, provides not only monetary incentives for innovation but also social status rewards, leading to higher rates of innovation and economic growth.
ISSN:0027-8424
1091-6490
DOI:10.1073/pnas.1101933108