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Cultural dimensions, collective values and their importance for institutions
Klasing, M. J., 2013, In : Journal of Comparative Economics. 41, 2, p. 447-467 21 p.Research output: Contribution to journal › Article › Academic › peer-review
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Cultural dimensions, collective values and their importance for institutions. / Klasing, Mariko J.
In: Journal of Comparative Economics, Vol. 41, No. 2, 2013, p. 447-467.Research output: Contribution to journal › Article › Academic › peer-review
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TY - JOUR
T1 - Cultural dimensions, collective values and their importance for institutions
AU - Klasing, Mariko J.
PY - 2013
Y1 - 2013
N2 - This paper critically assesses the role of culture in determining the quality of institutions. Employing various measures of cultural differences, I find that only differences related to the degree of individualism in society and the extent to which inequality in the distribution of power is tolerated are strong and statistically significant predictors of the observed differences in institutional quality. This finding is robust to the inclusion of various other determinants of institutional differences across countries discussed in the literature and it holds for a variety of measures of institutional quality. Moreover, the strong link between these two cultural dimensions and the quality of institutions is also confirmed in instrumental variables regressions where a novel instruments for culture based on a weighted average of the cultural attitudes present in neighboring countries is employed. Journal of Comparative Economics 41 (2) (2013) 447-467. Carleton University, 1125 Colonel By Drive, Ottawa, ON, Canada KIS 5B6. (C) 2012 Association for Comparative Economic Studies Published by Elsevier Inc. All rights reserved.
AB - This paper critically assesses the role of culture in determining the quality of institutions. Employing various measures of cultural differences, I find that only differences related to the degree of individualism in society and the extent to which inequality in the distribution of power is tolerated are strong and statistically significant predictors of the observed differences in institutional quality. This finding is robust to the inclusion of various other determinants of institutional differences across countries discussed in the literature and it holds for a variety of measures of institutional quality. Moreover, the strong link between these two cultural dimensions and the quality of institutions is also confirmed in instrumental variables regressions where a novel instruments for culture based on a weighted average of the cultural attitudes present in neighboring countries is employed. Journal of Comparative Economics 41 (2) (2013) 447-467. Carleton University, 1125 Colonel By Drive, Ottawa, ON, Canada KIS 5B6. (C) 2012 Association for Comparative Economic Studies Published by Elsevier Inc. All rights reserved.
KW - Cultural dimensions
KW - Collective values
KW - Individualism
KW - Institutions
KW - Power distance
KW - LONG-RUN GROWTH
KW - ECONOMIC-DEVELOPMENT
KW - EXPLANATION
KW - GOVERNANCE
KW - DIFFUSION
KW - SOCIETIES
KW - COUNTRIES
KW - RELIGION
KW - OTHERS
KW - TRUST
U2 - 10.1016/j.jce.2012.09.003
DO - 10.1016/j.jce.2012.09.003
M3 - Article
VL - 41
SP - 447
EP - 467
JO - Journal of Comparative Economics
JF - Journal of Comparative Economics
SN - 0147-5967
IS - 2
ER -
ID: 9766887