Aharonovitz, Gilad David; Nyaga, Elizabeth Kabura - In: World Development 38 (2010) 8, pp. 1156-1167
Summary Policies, saving rates, human capital, etc., are possible explanations for poor economic performance, but while these factors are changeable, underdevelopment persists. Looking for an unchangeable factor, we construct a theory for the effect of cultural values, such as moral values,...