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Economic freedom, culture, and growth
by
Mathers, Rachel L.
, Williamson, Claudia R.
in
Conceptualization
/ Cultural change
/ Cultural influence
/ Cultural values
/ Culture
/ Economic Development
/ Economic freedom
/ Economic growth
/ Economic growth rate
/ Economic indices
/ Economic theory
/ Economic value
/ Economics
/ Economics and Finance
/ Economists
/ Entrepreneurship
/ Freedom
/ Freedoms
/ Gross domestic product
/ Index of Economic Freedom
/ Individualism
/ Institutions
/ Morality
/ Political economy
/ Political Science
/ Private property
/ Property rights
/ Prosperity
/ Public Finance
/ Regression analysis
/ Studies
/ Value (Economics)
/ Values
2011
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Economic freedom, culture, and growth
by
Mathers, Rachel L.
, Williamson, Claudia R.
in
Conceptualization
/ Cultural change
/ Cultural influence
/ Cultural values
/ Culture
/ Economic Development
/ Economic freedom
/ Economic growth
/ Economic growth rate
/ Economic indices
/ Economic theory
/ Economic value
/ Economics
/ Economics and Finance
/ Economists
/ Entrepreneurship
/ Freedom
/ Freedoms
/ Gross domestic product
/ Index of Economic Freedom
/ Individualism
/ Institutions
/ Morality
/ Political economy
/ Political Science
/ Private property
/ Property rights
/ Prosperity
/ Public Finance
/ Regression analysis
/ Studies
/ Value (Economics)
/ Values
2011
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Do you wish to request the book?
Economic freedom, culture, and growth
by
Mathers, Rachel L.
, Williamson, Claudia R.
in
Conceptualization
/ Cultural change
/ Cultural influence
/ Cultural values
/ Culture
/ Economic Development
/ Economic freedom
/ Economic growth
/ Economic growth rate
/ Economic indices
/ Economic theory
/ Economic value
/ Economics
/ Economics and Finance
/ Economists
/ Entrepreneurship
/ Freedom
/ Freedoms
/ Gross domestic product
/ Index of Economic Freedom
/ Individualism
/ Institutions
/ Morality
/ Political economy
/ Political Science
/ Private property
/ Property rights
/ Prosperity
/ Public Finance
/ Regression analysis
/ Studies
/ Value (Economics)
/ Values
2011
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Journal Article
Economic freedom, culture, and growth
2011
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Overview
How do economic freedom and culture impact economic growth? This paper argues that culture, as measured by the World Values Surveys, and economic institutions associated with economic freedom are both independently important for economic prosperity, but the strength of their impact can be better understood only when both are included in the growth regression. Our results indicate that economic freedom is more important than culture for growth outcomes, suggesting substitutability between the two. We posit that culture is important for growth when economic freedom is absent, diminishing in significance once economic freedom is established.
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