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Discussion Paper Details

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Title: Culture, Institutions and Policy

Author(s): Torsten Persson and Guido Tabellini

Publication Date: August 2020

Keyword(s): Culture, Development, History, institutions and Persistence

Programme Area(s): Macroeconomics and Growth and Public Economics

Abstract: We review theoretical and empirical research on the dynamic interactions between cultures and institutions. We think about culture as a system of values and about institutions as formalized rules of the game. Our presentation is organized around a simple theoretical framework of political agency, which is gradually expanded so as to introduce new links and feedbacks between culture and institutions.

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Bibliographic Reference

Persson, T and Tabellini, G. 2020. 'Culture, Institutions and Policy'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=15233