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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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 22-2008)
Main Authors:	Voigt, Stefan, Park, Sang-Min
Format:	Work
Language:	English
Published:	Philipps-Universität Marburg 2008
Subjects:	Total Factor Productivity Institutions Economic Development Social Capital, Civil Society Values and Norms Culture Rule of Law Democracy Wirtschaft Economics
Online Access:	PDF Full Text
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