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Value Diversity and Regional Economic Development

Beugelsdijk, S., Klasing, M. J. & Milionis, P., Jan-2019, In : Scandinavian Journal of Economics. 121, 1, p. 153-181 29 p.

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DOI

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.

Original languageEnglish
Pages (from-to)153-181
Number of pages29
JournalScandinavian Journal of Economics
Volume121
Issue number1
Publication statusPublished - Jan-2019

    Keywords

  • Cultural values, regional income differences, sharedness of values, CULTURAL-DIVERSITY, GENDER-ROLES, WORK NORMS, GROWTH, INSTITUTIONS, ATTITUDES, DEMOCRACY, TRUST, MODERNIZATION, PRIORITIES

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