Individualism and economic growth — Gorodnichenko and Roland

In an NBER paper, “Culture, Institutions and the Wealth of Nations,” Yuriy Gorodnichenko and Gerard Roland compare the growth gains that individualist ethics generate compared to those of collectivist ethics. The first sentences of their abstract: “We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts […]

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