DP15233 Culture, Institutions and Policy

Author(s): Torsten Persson, Guido Tabellini
Publication Date: August 2020
Keyword(s): Culture, Development, History, institutions, Persistence
JEL(s): H0, N0, O1
Programme Areas: Public Economics, Macroeconomics and Growth
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=15233

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.