Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7370558 | The Journal of Socio-Economics | 2013 | 11 Pages |
Abstract
⺠We analyse culture on growth in cooperation with the basic growth factors. ⺠We divide culture in “Efficiency Orientation” and “Social Orientation” variables. ⺠We perform a sensitivity analysis to define the cultural change effects on growth. ⺠Cultural background has a strong interpretive role (+) in annual growth rates. ⺠“Social Orientation” has a crucial explanatory (+) power for annual growth rates.
Keywords
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Economics and Econometrics
Authors
Panagiotis Petrakis, Pantelis Kostis,