Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30136 
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dc.contributor.authorVoigt, Stefanen
dc.contributor.authorPark, Sang-Minen
dc.date.accessioned2009-08-12-
dc.date.accessioned2010-03-05T15:43:37Z-
dc.date.available2010-03-05T15:43:37Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aPhilipps-University Marburg, Faculty of Business Administration and Economics |cMarburgen
dc.relation.ispartofseries|aMAGKS Joint Discussion Paper Series in Economics |x2008,22en
dc.subject.jelO43en
dc.subject.jelE19en
dc.subject.jelE66en
dc.subject.jelO11en
dc.subject.jelO12en
dc.subject.jelO17en
dc.subject.jelZ13en
dc.subject.ddc330en
dc.subject.keywordInstitutionsen
dc.subject.keywordValues and Normsen
dc.subject.keywordDemocracyen
dc.subject.keywordRule of Lawen
dc.subject.keywordCultureen
dc.subject.keywordSocial Capitalen
dc.subject.keywordCivil Societyen
dc.subject.keywordEconomic Developmenten
dc.subject.keywordTotal Factor Productivityen
dc.titleValues and norms matter: on the basic determinants of long-run economic development-
dc.type|aWorking Paperen
dc.identifier.ppn606641742en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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