Value Diversity and Regional Economic DevelopmentBeugelsdijk, S., Klasing, M. J. & Milionis, P., Jan-2019, In : Scandinavian Journal of Economics. 121, 1, p. 153-181 29 p.
Research output: Contribution to journal › Article › Academic › peer-review
We investigate the link between culture and regional economic development within European countries. Considering a variety of cultural values, we provide evidence that it is the degree of diversity in these values at the regional level that strongly correlates with economic performance, rather than the prevalence of specific values. In particular, we show that greater value diversity is negatively associated with regional economic performance within countries, which also relates to lower institutional quality and poorer public goods provision. These patterns are robust even when diversity is measured on the basis of values expressed by emigrants residing outside their region of origin.
|Number of pages||29|
|Journal||Scandinavian Journal of Economics|
|Publication status||Published - Jan-2019|
- Cultural values, regional income differences, sharedness of values, CULTURAL-DIVERSITY, GENDER-ROLES, WORK NORMS, GROWTH, INSTITUTIONS, ATTITUDES, DEMOCRACY, TRUST, MODERNIZATION, PRIORITIES