CULTURAL HERITAGE AND INNOVATION
Cultural heritage is a major driver of behavioral, social and economic norms in a society. This paper studies the relationship between culture and economic development by focusing on how individualism is related to technological innovation. It hypothesizes that individualistic people tend to have beliefs and views that emphasize the importance of innovation and creativity. Using individual-level data from the World Values Survey, the results provide some evidence in favor of this hypothesis.
Alesina, A., & Giuliano, P. (2010). The Power of the Family. Journal of Economic Growth, 15, 93-125.
Ashraf, Q., & Galor, O. (2007). Cultural Assimilation, Cultural Diffusion, and the Origin of the Wealth of Nations. CEPR Working Paper No 6444.
Ball, R. (2001). Individualism, Collectivism, and Economic Development. Annals of the American Academy of Political and Social Science, 573, 57-84.
Comin, D., & Hobijn, B. (2010). 'An Exploration of Technology Diffusion', American Economic Review 100, 2031-2059.
Comin, D., Hobijn, B., & Rovito, E. (2008). Technology Usage Lags. Journal of Economic Growth, 13, 237-256.
Dion, K.K., & Dion, K.L. (1996). Cultural Perspectives on Romantic Love. Personal Relationships, 3, 5-17.
Giuliano, P., Spilimbergo, A., & Tonon, G. (2006). Genetic, Cultural, and Geographical Distances. IZA Discussion Papers, 2229.
Gorodnichenko, Y., & Roland, G. (2011). Individualism, Innovation, and Long-Run Growth. Proceedings of the National Academy of Sciences of the United States, 108, 21316–21319.
_____ (2017). Culture, Institutions, and the Wealth of Nations. Review of Economics and Statistics, 99, 402-416.
Greif, A. (1994). Cultural Beliefs and the Organization of Society: A Historical and Theoretical Reflection on Collectivist and Individualist Societies. Journal of Political Economy, 102, 912-950.
Hall, R.E., & Jones, C.I. (1999). Why Do Some Countries Produce So Much More Output Per Worker Than Others? Quarterly Journal of Economics, 114, 83-116.
Hofstede, G. (1980). Culture's Consequences: International Differences in Work-Related Values. Beverly Hills CA: Sage Publications.
Inglehart, R. (1990). Culture Shift in Advanced Industrial Society. Princeton, NJ: Princeton University Press.
Lal, D. (1999). Unintended Consequences: The Impact of Factor Endowments, Culture, and Politics on Long-Run Economic Performance. Cambridge, MA: MIT Press.
Lester, D. (1995). Individualism and Divorce. Psychological Reports, 76, 258.
Macfarlane, A. (1979). The Origins of English Individualism. New York: Cambridge University Press.
Mokyr, J. (2005). Long-Term Economic Growth and the History of Technology. Handbook of Economic Growth, eds. P. Aghion and S. Durlauf (Amsterdam: North-Holland), 1113-1180.
_____ (1994). Beyond Individualism and Collectivism: New Cultural Dimensions of Values. Individualism and Collectivism: Theory, Method, and Applications eds. U. Kim, H. C. Triandis, C. Kagitcibasi, S.-C. Choi and G. Yoon. Newbury Park, CA: Sage, 85-122.
Tabellini, G. (2008). Presidential Address: Institutions and Culture. Journal of the European Economic Association, 6, 255-294.
Triandis, H.C. (1995). Individualism and Collectivism. Boulder, CO: Westview.
Unless otherwise indicated, each paper published in The Bulletin of Monetary Economics and Banking. Authors do not need to contact the journal to obtain rights to reuse their own material. They are automatically granted permission to do the following:
- Reuse the article in print collections of their own writing.
- Present a work orally in its entirety.
- Use an article in a thesis and/or dissertation.
- Reproduce an article for use in the author's courses. (If the author is employed by an academic institution, that institution also may reproduce the article for teaching purposes.)
- Reuse a figure, photo and/or table in future commercial and noncommercial works.
- Post a copy of the paper.
- Link to the journal site containing the final edited PDFs created by the publisher.
Unless otherwise indicated, the authors and the journal grant permission to reproduce and distribute for nonprofit educational uses material published in the journal, provided that: (1) in the case of copies distributed in class, students are charged no more than the cost of duplication; (2) the copied work is well identified with a proper notice of copyright affixed to each copy.
Permission to reproduce and to distribute any work published in The Bulletin of Monetary Economics and Banking should be directed to author(s). All such reproduction must identify the author(s), the Journal, the volume, the number of the first page, and the year of the work’s publication in the Journal.