New research debunks the myth that high taxes and a large welfare state are responsible for the success of the Nordic region.Summary:Left-leaning pop stars, politicians, journalists, political commentators and academics have long praised Scandinavian countries for their high levels of welfare...

Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...

Recent theories of the Long Divergence between Middle Eastern and Western European economies focus on Middle Eastern (over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious (Islamic) law. These theories take as exogenous the...

It has been well documented in the literature that ethnicity matters significantly in the determination of savings. In particular, African-American savings lag far behind savings for other ethnic groups. Similarly, the literature also provides evidence of the long-lived nature of institutions...

The paper advocates for a new measure of the ethnic identity of migrants, models its determinants and explores its explanatory power for various types of their economic performance. The ethnosizer, a measure of the intensity of a person's ethnic identity, is constructed from information on the...

Deutschland weist im Umgang mit finanziellen Fragen einige Besonderheiten auf. Dazu gehören die geringen Erträge der umfangreichen internationalen Anlagen dieser exportorientierten Volkswirtschaft, die auch Jahrzehnte nach dem ersten Befund unzureichende Bereitstellung von Risikokapital und...

United under the "cultural entrepreneurship" label, scholars have emphasized how entrepreneurship, strategic innovation, and organizational change are fundamentally cultural undertakings. Extant work in this vein has revealed how actors harness elements from their cultural milieu to secure the...

"Not one size fits all. Yet, some books teach business with minimal focus on the context for business. In reality, firms - large and small - are highly affected by the context in which they operate; yet, context is not uniformly conceptualized, theorized, and operationalized by scholars of...

Ignoring culture can lead to bad policy, and culturally-based analyses substantially enhance the understanding of economic behavior. However, culture is a collective phenomenon which is so broad that it is hard to design testable hypotheses for research. The primary achievement of Hofstede, a...

In this paper, we study the effects of business culture on market efficiency. We exogenously vary the type of business culture between business-is-business cultures, which consist on impersonal relationships where financial matters are paramount, and business-is-family cultures, which comprise...

Chapter 1. Introduction -- Chapter 2. Economic Environment -- Chapter 3. Political and Legal Environment -- Chapter 4. Cultural and Socioeconomic Environment -- Chapter 5. Establishing a Business in Guatemala -- Chapter 6. Marketing in Guatemala -- Chapter 7. Conclusions and Future Trends.

Deutschlands Erfolgsrezept - Soziale Marktwirtschaft -- Chinas Weg von alter zu neuer Stärke - ein Abriss einer einzigartigen Transformation -- Deutschland versus China – verbindet die beiden Nationen mehr als sie trennt? -- Deutschland und China – Kulturen und wirtschaftlicher Erfolg --...

Inwiefern lassen sich soziale Tatbestände in Gesellschaften von Wildbeutern und tribal organisierten Bauern/Viehzüchtern mit Hilfe von Spieltheorie, Institutionen- und Organisationsökonomik, "Public choice"- Theorie und der Evolutionsökonomik besser erklären als mit dem herkömmlichen...

"Researchers in international development have long argued that the high costs of doing business harms prosperity in developing countries, a claim that invites the question of why governments impose these costs and why societies fail to enact reforms reducing them. This book seeks to answer the...

"Electricity is a quirky commodity: more often than not, it cannot be stored, transported except through dedicated routes, or imported from overseas. Before lighting up our homes, it changes hands through specialized electricity markets that rely on engineering expertise to be traded...

With its unique mix of theory, historical discussion, case studies, and contemporary analysis, this book provides a complete and detailed comprehension of the business environment in Central America, with a focus specifically on Guatemala. Identifying the key drivers of Central America economic...

"Commodities of one type or other have been produced, transferred and consumed in the economic life of humanity through every epoch of its development and forms of sociocultural organization, but are pervasive in the varieties of capitalism dominating contemporary world economies. Even labor, a...

"At a time of rising global economic precarity and social inequality, the field of economic anthropology offers solutions through the study of local and contextualized economic practices. This book is made up of an exciting collection of succinct essays authored by leading scholars primarily...

Volume 41 of Research in Economic Anthropology explores a wide range of topics of interest to economic anthropology. The opening paper presents a novel approach to anthropological-economic infrastructural research in England, specifically London's Thames Tideway Tunnel. The volume's first...

The endowment effect, the tendency to value possessions more than non-possessions, is a well known departure from rational choice and has been replicated in numerous settings. We investigate the universality of the endowment effect, its evolutionary significance, and its dependence on...

Introduction -- An Interesting Story on Ghanaian Behavior -- A Review of The Culture: Institutions Nexus -- Corruption and Culture in Ghana: Mission Impossible or an Interesting Challenge -- Concluding Remarks. .

"Social, economic, and technological change disrupts many indigenous, ethnic, and rural communities even when it offers progress. Counter-productive impacts are not often adequately anticipated, and they emerge as catalysts for social and psychological dysfunction. This book addresses ways to...

"The book Global Nexus: Political Economies, Interconnectivity, and the Social Sciences brings out the contradictions and conflicts within the globalisation exercise; that while it provides opportunities for the poor and unemployed to improve their livelihoods, it encapsulates them in the...

"That law both affects and is affected by the surrounding culture is a proposition so obvious as to hardly need mentioning. Yet the precise direction and nature of this relationship is among the most vexing problems in comparative (or any) law. Is law a reflection of the surrounding culture or...