cam a22 2 4500 317108972 CHVBK 20200106144953.0 cr nn|008mamaa 140217s2014 xx -----s---- 0 0-eng-d 978-3-642-41439-8 print 978-3-642-41440-4 eISBN 10.1007/978-3-642-41440-4 doi (OCoLC)876170065 (IDSSG)000655631 Springer ger SzZuIDS HSG kids HD72-88 BUS068000 bisacsh 338.9 23 CH0019BA451D06B3A4B88C1257F0700703A20 iCapture Culture, Growth and Economic Policy by Panagiotis E. Petrakis Berlin, Heidelberg Springer Berlin Heidelberg 2014 Online-Ressource Text txt rdacontent/ger Computermedien c rdamedia/ger Online-Ressource cr rdacarrier/ger It is a wide-spread belief that the cultural background inhered in a society affects the requirements of economic development. This relationship requires theoretical and empirical justification. The present book provides this together with an analysis of the development of cultural background itself. Cultural background is embodied in political institutions, in transactions, knowledge, incentives, in social capital, even in the tangibles of the economy. Thus, economic development is shaped and the rate of growth is affected. Conversely, economic development affects cultural background. When this interaction takes place at a non-developmental cultural background level, which is associated with low growth rates, then a growth trap is formed. Within such a growth trap, economic policy (public and monetary) is relatively deactivated, and the conditions influencing the change in cultural background and its timing are of primary importance. Economics Development Economics Endogenous growth (Economics) Petrakis Panagiotis E. https://doi.org/10.1007/978-3-642-41440-4 Volltext für Angehörige der Universität St. Gallen / FHS St. Gallen noalma ids I IDSSG 700 1- Petrakis Panagiotis E. IDSSG 856 4- https://doi.org/10.1007/978-3-642-41440-4 Volltext für Angehörige der Universität St. Gallen / FHS St. Gallen SWISSBIB 313568065 BK020053 XK020053 XK020000 IDSSG HSG HSG ONL HONL000655631 IDSSG HFHS HFHS ONL HONL000655631