The interaction of individual values and sticky formal institutions in economic development
This paper intends to take a step towards improving our understanding of how culture affects economic development. Relying on the theory of institutional stickiness (Boettke et al. 2008), the main hypothesis is that the "deep" cultural layer (proxied by individual values) interacts with th...
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Format: | Article |
Language: | English |
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Università Carlo Cattaneo LIUC
2019-07-01
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Series: | The European Journal of Comparative Economics |
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Online Access: | http://ejce.liuc.it/18242979201901/182429792019160102.pdf |