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Culture and institutions : economic development in the regions of Europe

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dc.creator Tabellini, Guido
dc.date 2005
dc.date.accessioned 2013-10-16T07:02:09Z
dc.date.available 2013-10-16T07:02:09Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18956
dc.identifier ppn:500468001
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18956
dc.description Does culture have a causal effect on economic development? The data on European regions suggest that it does. Culture is measured by indicators of individual values and beliefs, such as trust and respect for others, and confidence in individual self-determination. To isolate the exogenous variation in culture, I rely on two historical variables used as instruments: the literacy rate at the end of the XIXth century, and the political institutions in place over the past several centuries. The political and social history of Europe provides a rich source of variation in these two variables at a regional level. The exogenous component of culture due to history is strongly correlated with current regional economic development, after controlling for contemporaneous education, urbanization rates around 1850 and national effects. Moreover, the data do not reject the over-identifying assumption that the two historical variables used as instruments only influence regional development through culture. The indicators of culture used in this paper are also strongly correlated with economic development and with available measures of institutions in a cross-country setting.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1492
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject O10
dc.subject P10
dc.subject F10
dc.subject N13
dc.subject ddc:330
dc.subject culture
dc.subject economic development
dc.subject trust
dc.subject literacy
dc.subject institutions
dc.subject Kultur
dc.subject Regionale Entwicklung
dc.subject Regionales Wachstum
dc.subject Bildungsniveau
dc.subject Schätzung
dc.subject EU-Staaten
dc.title Culture and institutions : economic development in the regions of Europe
dc.type doc-type:workingPaper
dc.coverage 1600-1880


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