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Cultural Background and Economic System

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Culture, Growth and Economic Policy

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Abstract

The relationship between cultural background and economic system is presented in detail in this chapter. At first chapter provides the macro reflections of cultural background in order to identify the relationships governing economic system and the cultural traits of societies. Next, the chapter presents political institutions as a first-round effect while we introduce a second-round effect, economic institutions, which can be divided into structures and incentives. Structures as the first dimension of economic institutions are presented in last section of the present chapter.

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  1. Department of Economics, University of Athens, Athens, Greece

    Panagiotis E. Petrakis

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Petrakis, P.E. (2014). Cultural Background and Economic System. In: Culture, Growth and Economic Policy. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-41440-4_5

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  • DOI: https://doi.org/10.1007/978-3-642-41440-4_5

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