Article in Journal
Economic Culture and Economic Performance
Edmund S. Phelps
CESifo, Munich, 2024
EconPol Forum 25 (3), 47-52
CESifo, Munich, 2024
EconPol Forum 25 (3), 47-52
![](https://www.cesifo.org/DocImg/econpol-forum-2024-3-phelps-economic-culture.jpg?c=1716382503)
- This paper explores the effects of several cultural values, attitudes, and the like, on some of the main dimensions of economic performance
- It shows a weak correlation between continental countries’ relative endowment of some cultural attributes and the relative performance of their national economies
- However, not all of the cultural attributes hypothesized to be important were found to matter for performance
- And not all continental countries were under-endowed in some of the cultural attributes that mattered a lot