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http://hdl.handle.net/10419/30136
  

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dc.contributor.authorVoigt, Stefanen_US
dc.contributor.authorPark, Sang-Minen_US
dc.date.accessioned2009-08-12en_US
dc.date.accessioned2010-03-05T15:43:37Z-
dc.date.available2010-03-05T15:43:37Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/30136-
dc.description.abstractOver the last couple of decades, it has become a commonplace to claim that institutions matter” for economic development. Yet, institutions are not exogenous but the result of hu-man action. It is argued here that the values and norms held by substantial parts of society’s members are an important determinant of its institutions. It is further argued that values and norms have both a direct and an indirect effect on economic development: the direct effect materializes because the values and norms also contain the work ethic which, if transformed into behavior, should have direct consequences on economic development. The indirect effect is conjectured to work via the relevant institutions: if institutions are important for economic development and institutions are influenced by the values and norms, then this is a more indi-rect channel through which values and norms can display their impact.en_US
dc.language.isoengen_US
dc.publisherUniv., Dep. of Business Administration & Economics Marburgen_US
dc.relation.ispartofseriesJoint discussion paper series in economics 2008,22en_US
dc.subject.jelO43en_US
dc.subject.jelE19en_US
dc.subject.jelE66en_US
dc.subject.jelO11en_US
dc.subject.jelO12en_US
dc.subject.jelO17en_US
dc.subject.jelZ13en_US
dc.subject.ddc330en_US
dc.subject.keywordInstitutionsen_US
dc.subject.keywordValues and Normsen_US
dc.subject.keywordDemocracyen_US
dc.subject.keywordRule of Lawen_US
dc.subject.keywordCultureen_US
dc.subject.keywordSocial Capitalen_US
dc.subject.keywordCivil Societyen_US
dc.subject.keywordEconomic Developmenten_US
dc.subject.keywordTotal Factor Productivityen_US
dc.titleValues and norms matter: on the basic determinants of long-run economic developmenten_US
dc.typeWorking Paperen_US
dc.identifier.ppn606641742en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:MAGKS Joint Discussion Paper Series in Economics, Universität Marburg

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