Respect, responsibility, and development

• 成果类型: Article
• 署名作者: Breuer, Janice Boucher; McDermott, John
• 署名单位: University of South Carolina System; University of South Carolina Columbia
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2013.06.004
• 发表日期: 2013
• 页码: 36-47
• 关键词: culture; VALUES; Respect; RESPONSIBILITY; trustworthiness; trust

摘要

We develop a theory that explains how two core values - Respect for others and Responsibility - affect productivity, the accumulation of capital, and output per worker. Using data from the World Values Survey, we empirically test the model using a panel dataset that includes 82 countries over six distinct years. We find that these-two core-values-are important-to-production and that their impact is substantial. We also show that Respect and Responsibility reduce the influence of trust and mitigate the negative macroeconomic effects associated with fractionalized societies. Our results are robust to various treatments for endogeneity and under alternative samples. (C) 2013 Elsevier B.V. All rights reserved.