Which Dimensions of Culture Matter for Long-Run Growth?

We present empirical evidence that, among a variety of cultural dimensions, the individualism-collectivism dimension, based on Hofstede's (2001) data, is the most important and robustly significant effect of culture on long run growth. Other dimensions that have a significant effect, albeit les...

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Bibliographic Details
Published in:The American economic review 2011-05, Vol.101 (3), p.492-498
Main Authors: Gorodnichenko, Yuriy, Roland, Gerard
Format: Article
Language:English
Subjects:
Analysis
Blood groups
Children
Collectivism
Conformity
Corporate culture
Cross cultural studies
Cultural values
Culture
CULTURE, INSTITUTIONS, AND DEVELOPMENT
Discriminant analysis
Economic growth
Economic surveys
Economic theory
Economic value
Economics of culture
Egalitarianism
Equality
Growth models
Growth rates
Individualism
Innovations
Market orientation
Masculinity
National culture
Per capita
Polls & surveys
Power
Preferences
Religion
Society
Studies
Universalism
Values
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Summary:We present empirical evidence that, among a variety of cultural dimensions, the individualism-collectivism dimension, based on Hofstede's (2001) data, is the most important and robustly significant effect of culture on long run growth. Other dimensions that have a significant effect, albeit less robust, are generally strongly correlated with individualism and convey similar information. We found no significant or robust effect on growth from cultural dimensions that are independent from the individualism-collectivism cleavage. [PUBLICATION ABSTRACT]
ISSN:0002-8282
1944-7981
DOI:10.1257/aer.101.3.492