| Summary: | 碩士 === 南台科技大學 === 商管專業學院 === 101 === This thesis explores whether culture acts as a moderator of the effects that human capital and political instability have on economic growth for a sample of 83 countries in a period from 1960 to 2010. In analyzing panel data, the study uses hierarchical linear modeling (HLM) as innovative methodology not yet widely applied to the analysis of economic growth.
In endogenous context, human capital is defined as a major determinant that induces and drives growth. However, the empirical evidence from the literature appears somewhat mixed. Thus, we try to enrich our understanding of why the impacts of education, a main component of human capital, differ across countries. On the other hand, political instability is commonly recognized as severe impediment to economic prosperity. Yet, some countries manage to cope with the element of uncertainty that political violence and wars bring more successfully
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than the others. Therefore, we hypothesize, culture could help explain variation between countries in their impacts to growth.
The results show that grid and group indicators, derived by applying Grid-group cultural theory, act both as factors directly influencing the average growth rate and moderators of the effects that schooling and political instability have on yearly growth rate. Also, ethnic fractionalization of society arises as another moderator that reduces the positive effects of secondary schooling and augments the negative consequences of ethnic unrest.
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