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.