Can culture explain economic growth? A note on the issues regarding culture-growth studies

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Document Type

Article

Source Title

Journal of Economics and Economic Education Research

Volume

10

Issue

3

First Page

85

Last Page

105

Publication Date

12-1-2009

Abstract

The notion that culture affects economic develop and therefore explains growth has pre-occupied social scientists for decades. Studies have shown mixed results, some supporting that economic growth is shaped (at least in part) by cultural factors while others conclude otherwise. Intuitively, culture should affect growth since culture defines the belief systems of the people making up the economy and thus would ultimately affect economic growth. But the question is how do we show that empirically? This paper attempts to answer that question by reviewing literature and examining more recent studies on the culture-growth dilemma then proceeds with summarizing issues regarding such studies as how they can possibly be resolved.

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Disciplines

Economics

Keywords

Culture—Economic aspects; Economic development

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