Values and Norms Matter – On the Basic Determinants of Long-Run Economic Development

Values and Norms Matter – On the Basic Determinants of Long-Run Economic Development

Over the last couple of decades, it has become a commonplace to claim that “institutions matter” for economic development. Yet, institutions are not exogenous but the result of human action. It is argued here that the values and norms held by substantial parts of society’s members are an importan...

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Veröffentlicht in:MAGKS - Joint Discussion Paper Series in Economics (Band 22-2008)
Autoren: Voigt, Stefan, Park, Sang-Min
Format: Arbeit
Sprache:Englisch
Veröffentlicht: Philipps-Universität Marburg 2008
Schlagworte:
Values and Norms
Democracy
Economic Development
Total Factor Productivity
Social Capital, Civil Society
Culture
Institutions
Wirtschaft
Rule of Law
Economics
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