Collectivism And Economic Development – A Causal Analysis
Collectivism And Economic Development – A Causal Analysis

Summary/Abstract: Does collectivism – contrary to Adam Smith’s opinion – cause faster economic development? The paper argues in favour of the thesis that there is a positive, causal relation between the collectivist orientation of culture and economic development. I apply two approaches to support the hypothesis. First, I analyze the mechanisms relating the individualism/collectivism dimension of culture to economic growth. Second, I apply Wiener’s definition of causality to the problem under consideration and estimate econometric models based on the example of EU member states.

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