Does Culture Affect Economic Outcomes?

Journal of Economic Perspectives - Tập 20 Số 2 - Trang 23-48 - 2006
Luigi Guiso1, Paola Sapienza2, Luigi Zingales3
1Professor of Economics, University of Rome Tor Vergata, Rome, Italy; Research Fellow, Center for Economic Policy Research, London, United Kingdom.
2Assistant Professor of Finance, Kellogg School of Management, Northwestern University, Evanston, Illinois; Faculty Research Fellow, National Bureau of Economic Research, Cambridge, Massachusetts; Research Fellow, Center for Economic Policy Research, London, United Kingdom.
3Professor of Entrepreneurship and Finance, Graduate School of Business, University of Chicago, Chicago, Illinois; Faculty Research Fellow, National Bureau of Economic Research, Cambridge, Massachusetts; Research Fellow, Center for Economic Policy Research, London, United Kingdom.

Tóm tắt

Until recently, economists have been reluctant to rely on culture as a possible determinant of economic phenomena. Much of this reluctance stems from the very notion of culture: it is so broad and the channels through which it can enter the economic discourse so ubiquitous (and vague) that it is difficult to design testable, refutable hypotheses. In recent years, however, better techniques and more data have made it possible to identify systematic differences in people's preferences and beliefs and to relate them to various measures of cultural legacy. These developments suggest an approach to introducing culturally-based explanations into economics that can be tested and may substantially enrich our understanding of economic phenomena. This paper summarizes this approach and its achievements so far, and outlines directions for future research.

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Journal of Economic Perspectives

Tập 20 Số 2

23-48

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