The role of culture in economic development

Goguadze Giorgi (2018) The role of culture in economic development. Faculty of International Management and Business.

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Abstract

This paper presents evidence that cultural factors matters for economic development, using cultural indicators from the Hofstede’s Cultural Dimension and The Lewis Model for a sample of 75 and 67 countries correspondingly. Empirically, I find that countries with individualistic societies who are oriented on long term, have low power distance and have linear active cultural type have high level of economic development and pursue well-being. Furthermore, I discuss how these cultural factors are creating sustainable economic system.

English title

The Role of Culture in Economic Development

Institution

Budapest Business University

Kar

Faculty of International Management and Business

Department

Nemzetközi Gazdaságtan Tanszék

Tudományterület/tudományág

UNSPECIFIED

Szak

Nemzetközi Gazdálkodás (angol nyelvű)

Supervisors

Item Type:	Thesis (UNSPECIFIED)
Uncontrolled Keywords:	Kultúra, Gazdaság, Gazdaságfejlesztés, Lewis-modell, Fenntartható fejlődés
Depositing User:	Szabó Zoltán
Date Deposited:	2018. May. 07. 11:41
Last Modified:	2020. Apr. 28. 05:07

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