We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …

productivity growth underperforming peer countries. Based on macroeconomic analysis and supported by firm-level data, results point …

We examine the effect of generalized trust on long-term economic growth. Unlike in previous studies, we use Bayesian … endogeneity and assess whether the effect of trust on growth is causal. Examining more than forty regressors for nearly fifty … countries, we show that trust exerts a positive effect on long-term growth and, based on the posterior inclusion probabilities …

Recent contributions to the growth literature have argued that the structure of an economy, as measured by its … shown to be highly predictive of future economic growth, yet their country-level determinants have remained unknown. In this …

In this paper, we investigate the robustness of the relationship between trade openness and long-run economic growth … a systematic manner. We find no evidence that trade openness is directly and robustly correlated with economic growth in … different trade openness proxies and none of the proxies is robustly associated with economic growth. The data evidence also …