Which Dimensions of Culture Matter for Long-Run Growth?

We present empirical evidence that, among a variety of cultural dimensions, the individualism-collectivism dimension, based on Hofstede's (2001) data, is the most important and robustly significant effect of culture on long run growth. Other dimensions that have a significant effect, albeit les...

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Veröffentlicht in:	The American economic review 2011-05, Vol.101 (3), p.492-498
Hauptverfasser:	Gorodnichenko, Yuriy, Roland, Gerard
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Blood groups Children Collectivism Conformity Corporate culture Cross cultural studies Cultural values Culture CULTURE, INSTITUTIONS, AND DEVELOPMENT Discriminant analysis Economic growth Economic surveys Economic theory Economic value Economics of culture Egalitarianism Equality Growth models Growth rates Individualism Innovations Market orientation Masculinity National culture Per capita Polls & surveys Power Preferences Religion Society Studies Universalism Values
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Zusammenfassung:	We present empirical evidence that, among a variety of cultural dimensions, the individualism-collectivism dimension, based on Hofstede's (2001) data, is the most important and robustly significant effect of culture on long run growth. Other dimensions that have a significant effect, albeit less robust, are generally strongly correlated with individualism and convey similar information. We found no significant or robust effect on growth from cultural dimensions that are independent from the individualism-collectivism cleavage. [PUBLICATION ABSTRACT]
ISSN:	0002-8282 1944-7981
DOI:	10.1257/aer.101.3.492