Advanced Search

Journal Navigation

Journal Home

Subscriptions

Archive

Contact Us

Table of Contents

Click here for more information on Handbook of U.S. Latino Psychology

Sign In to gain access to subscriptions and/or personal tools.
International Journal of Cross Cultural Management
This Article
Right arrow Résumé
Right arrow Full Text (PDF)
Right arrow References
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Right arrow Citation Map
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to Saved Citations
Right arrow Download to citation manager
Right arrowRequest Permissions
Right arrow Request Reprints
Right arrow Add to My Marked Citations
Citing Articles
Right arrow Citing Articles via Google Scholar
Right arrow Citing Articles via Scopus
Google Scholar
Right arrow Articles by Minkov, M.
Right arrow Articles by Blagoev, V.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Complore   Add to Connotea   Add to Del.icio.us   Add to Digg   Add to Reddit   Add to Technorati   Add to Twitter  
What's this?

Cultural Values Predict Subsequent Economic Growth

Michael Minkov

International University College, Sofia, Bulgaria, minkov{at}iuc.bg

Vesselin Blagoev

International University College, Sofia, Bulgaria, blagoev{at}iuc.bg

The relationship between cultural values and economic growth has been the subject of much controversy. A few studies have shown statistical correlations between measurements of national cultural values and previous growth but this is a dubious approach to the question of whether culture is the cause or the result of such growth. This study uses World Values Survey items from 1998 to 1999 and demonstrates that some values form a nation-level cultural dimension which predicts subsequent, and explains previous, economic growth across more than 70 countries. The dimension contrasts the importance of thrift versus the importance of leisure and good human relationships. Its nature is in full accordance with views of development economists who describe modern economic development as, among other things, a function of saving, investment, and hard work.

Key Words: cultural values • economic growth • economic dynamism

International Journal of Cross Cultural Management, Vol. 9, No. 1, 5-24 (2009)
DOI: 10.1177/1470595808101153
Add to CiteULike CiteULike   Add to Complore Complore   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us   Add to Digg Digg   Add to Reddit Reddit   Add to Technorati Technorati   Add to Twitter Twitter    What's this?