New research indicates that diversity in cultural values has a negative association with regional economic development within European countries.
New research indicates that diversity in cultural values has a negative association with regional economic development within European countries.
The findings indicate that a complete analysis of the interaction between culture and the economy should not be limited to an analysis of the prevalence of a selected set of cultural values, but should consider also the extent to which such values are shared by individuals.
“Polarized societies in which people disagree on key values are economically affected in a negative way because it makes coordination less efficient, resulting in lower quality of government and less public goods provision,” said Dr. Sjoerd Beugelsdijk, lead author of the Scandinavian Journal of Economics study.
Additional Information
Link to Study: http://onlinelibrary.wiley.com/doi/10.1111/sjoe.12253/full
About Journal
The Scandinavian Journal of Economics is one of the oldest and most distinguished economics journals in the world. It publishes research of the highest scientific quality from an international array of contributors in all areas of economics and related fields. The journal features articles and empirical studies on economic theory and policy and comprehensive surveys of the contributions to economics of the recipients of the Alfred Nobel Memorial Prize in Economics.
Penny Smith
+44 (0) 1243 770448
sciencenewsroom@wiley.com