Abstract

https://ssrn.com/abstract=2519852
 


 



Does Culture Matter for Development?


Augusto Lopez-Claros


World Bank - Financial and Private Sector Development

Valeria Perotti


World Bank

November 1, 2014

World Bank Policy Research Working Paper No. 7092

Abstract:     
Economists have either avoided or struggled with the concept of culture and its role in economic development. Although a few theoretical works -- and even fewer empirical studies -- have appeared in the past decades, this paper tries to build on a multidisciplinary approach to review the evidence on whether and how culture matters for development. First, the paper reviews available definitions of culture and illustrates ways in which culture can change and create favorable conditions for economic development. Second, the paper discusses the challenges of separating the effect of culture from other drivers of human behavior such as incentives, the availability of information, or climate. Finally, the paper argues that globalization has led to the emergence of a set of progressive values that are common cultural traits of all developed economies.

Number of Pages in PDF File: 32

Keywords: Social Analysis, Quality of Life & Leisure


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Date posted: April 20, 2016  

Suggested Citation

Lopez-Claros, Augusto and Perotti, Valeria, Does Culture Matter for Development? (November 1, 2014). World Bank Policy Research Working Paper No. 7092. Available at SSRN: https://ssrn.com/abstract=2519852

Contact Information

Augusto Lopez Claros (Contact Author)
World Bank - Financial and Private Sector Development ( email )
United States
Valeria Perotti
World Bank ( email )
1818 H Street, NW
Washington, DC 20433
United States
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