publication . Article . 2015

Culture in Development

Shankha Chakraborty; Jon C. Thompson; Etienne B. Yehoue;
Open Access
  • Published: 01 Jan 2015 Journal: The World Bank Economic Review, volume 29, issue suppl_1, pages 238-238
Abstract
An anti-capitalist cultural bias, through directed within-family human capital transmission, adversely affects the supply of entrepreneurial talent and risk-taking. This limits economic progress if aggregate productivity is low. When productivity is high, economic incentives can overcome cultural inertia. Though the income level depends on culture, the growth rate in this case does not.
Subjects
free text keywords: Economics and Econometrics, Accounting, Development, Finance
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