Degree
Master of Science in Economics
Faculty / School
Faculty of Business Administration (FBA)
Department
Department of Economics
Date of Submission
2019-1
Supervisor
Dr. Qaiser Munir
Project Type
MSECO Research Project
Access Type
Restricted Access
Keywords
Abstract
This research attempts to investigate whether informal institutions, also known as culture, can play a role in explaining economic growth in countries. The hypothesis accentuates that cultural aspects of a country can influence its economic organization. To test my hypothesis, I consider various aspects of culture as identified in the literature by Tabellini (2008). Cultural aspects including but not limited to; respect, trust, control, and obedience, impact economic growth. As they evolve, these traits change an individual’s attitudes towards economic dealings and consequently lead to a better economy. The paper explores the link between culture and GDP per capita, as a proxy for economic growth, in a sample of countries for the period 1981 to 2014, within the framework of an augmented Solow-swan model of economic growth. While using the system GMM technique for panel data analysis, I find that culture considerably influences the level of economic growth. To ensure the robustness of my findings I include regional dummies as well as polity and income indicators in my analysis.
Pages
viii, 23
Recommended Citation
Memon, A. (2019). Culture and economic growth: evidence from global data (Unpublished graduate research project). Institute of Business Administration, Pakistan. Retrieved from https://ir.iba.edu.pk/research-projects-mseco/36
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