Journal Article

Culture in Development

Shankha Chakraborty, Jon C. Thompson and Etienne B. Yehoue

in The World Bank Economic Review

Volume 29, issue suppl_1, pages S238-S246
Published in print June 2015 | ISSN: 0258-6770
Published online April 2015 | e-ISSN: 1564-698X | DOI: https://dx.doi.org/10.1093/wber/lhv018
Culture in Development

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  • Economic Development
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An anti-capitalist cultural bias, through directed within-family human capital transmission, adversely affects the supply of entrepreneurial talent and risk-taking. This limits economic progress if aggregate productivity is low. When productivity is high, economic incentives can overcome cultural inertia. Though the income level depends on culture, the growth rate in this case does not.

Keywords: O11; O43; Z13

Journal Article.  3684 words. 

Subjects: Economic Development ; Economic Growth and Aggregate Productivity ; Economic Sociology

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