Culture and Institutions
68 Pages Posted: 4 Sep 2015
A growing body of empirical work measuring different types of cultural traits has shown that culture matters for a variety of economic outcomes. This paper focuses on one specific aspect of the relevance of culture: its relationship to institutions. We review work with a theoretical, empirical, and historical bent to assess the presence of a two-way causal effect between culture and institutions.
Keywords: culture, institutions
JEL Classification: P16, Z1
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