Culture-based development - culture and institutions: economic development in the regions of Europe
by Annie Tubadji
International Journal of Society Systems Science (IJSSS), Vol. 5, No. 4, 2013

Abstract: This inquiry seeks to provide a comprehensive conceptual framework for understanding the role of culture in economic growth. Economic growth theory has recognised labour and physical capital as primary economic inputs; plugging in additional variables related to human capital and entrepreneurship gives rise to the further developed endogenous growth models. Based on multidisciplinary theory and evidence, the present inquiry argues that these basic components of the growth models, together with the institutional context of each case, depend on local culture. However, the relationship with culture in growth modelling is still omitted. The current paper lays down the foundations of the culture based development (CBD) concept, identifying culture as a proto-institution which through the mechanisms of latent influence of cultural capital on the reallocation of the main production factors affects growth. Preliminary empirical operationalisations, alternatively with OECD and DE data, illustrate the potential of the CBD model for applied research.

Online publication date: Thu, 26-Dec-2013

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Society Systems Science (IJSSS):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com