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Bulletin of Monetary Economics and Banking

Document Type

Article

Abstract

Cultural heritage is a major driver of behavioral, social and economic norms in a society. This paper studies the relationship between culture and economic development by focusing on how individualism is related to technological innovation. It hypothesizes that individualistic people tend to have beliefs and views that emphasize the importance of innovation and creativity. Using individual-level data from the World Values Survey, the results provide some evidence in favor of this hypothesis.

First Page

142

Last Page

148

Creative Commons License

Creative Commons Attribution-NonCommercial 4.0 International License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

Singapore

Affiliation

Nanyang Technological University

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