publication . Research . Preprint . 2009

Does education engender cultural values that matter for economic growth?

Bangwayo-Skeete, Prosper F.; Rahim, Afaf H.; Zikhali, Precious;
Open Access
  • Published: 01 Jan 2009
  • Publisher: Marburg: Philipps-University Marburg, Faculty of Business Administration and Economics
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 ...
Subjects
free text keywords: Cultural Values, O15, Education, Semi-Nonparametric Estimation, D02, I21, Cultural Values, Education, Ordered Probit, Semi-Nonparametric Estimation, Ordered Probit, jel:O15, jel:I21, jel:D02, ddc:330
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publication . Research . Preprint . 2009

Does education engender cultural values that matter for economic growth?

Bangwayo-Skeete, Prosper F.; Rahim, Afaf H.; Zikhali, Precious;