Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/68090
Authors: 
Faria, João Ricardo
León-Ledesma, Miguel
Year of Publication: 
2003
Series/Report no.: 
Department of Economics Discussion Paper, University of Kent 03,03
Abstract: 
In an attempt to measure the impact of cultural heritage on growth, this paper matches the definition of culture as a stock with the cultural heritage list provided by UNESCO, as it is a variable that changes at a very low pace. We test the hypothesis on whether the existence of a strong cultural heritage, that is, where culture has had a large impact on people's life, leads to higher growth. We find evidence that the impact of cultural heritage on growth is positive and it is smaller for countries that either suffer a high degree of political instability or enjoy a high degree of rule of law.
Subjects: 
Economic Growth
Social norms
Culture
JEL: 
D99
O50
Z13
Document Type: 
Working Paper

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