Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30080
Authors: 
Bangwayo-Skeete, Prosper F.
Rahim, Afaf H.
Zikhali, Precious
Year of Publication: 
2009
Series/Report no.: 
Joint discussion paper series in economics 2009,28
Abstract: 
Empirical research has shown that cultural values matter for economic growth and has specifically identified the achievement motivation as an aspect of culture that engenders economic growth. If specific cultural values engender economic growth, how then can societies promote them? This paper attempts to answer this question using the 2005 wave of the World Values Survey data for 43 countries. We test the contention that education significantly impacts the relative importance an individual places on economic achievement vis-à-vis traditional social norms. Results suggest that individuals with higher education levels attach higher importance to values related to autonomy and economic achievement as compared to conformity to traditional social norms. The results have an important implication for efforts to promote economic development; institutions and specifically public policy on education could be used to encourage people to adopt values that are considered important for economic development.
Subjects: 
Cultural Values
Education
Ordered Probit
Semi-Nonparametric Estimation
JEL: 
D02
I21
O15
Document Type: 
Working Paper

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