caa a22 4500 388069155 CHVBK 20180307125142.0 cr unu---uuuuu 161130e199903 xx s 000 0 eng 10.1017/S0022050700022269 doi S0022050700022269 pii (NATIONALLICENCE)cambridge-10.1017/S0022050700022269 Hanson John R. John R. Hanson II is Professor, Economics Department, Texas A and M University, College Station, TX 77843-4228. Culture Shock and Direct Investment in Poor Countries [Elektronische Daten] [John R. Hanson] The role of culture in economic development is experiencing renewed interest among scholars. This study proposes high intercultural transactions costs as a reason for the enduring scarcity of modem capital and technology in poor countries and conducts a statistical test based on the premise that cultural diffusion reduces these costs. The stock of direct investment in poor countries at the end of the colonial era is shown, as predicted, to be directly correlated with the diffusion of Westem culture in the European empires and elsewhere. Copyright © The Economic History Association 1999 The Journal of Economic History Cambridge University Press 59/1(1999-03), 1-16 0022-0507 59:1<1 1999 59 JEH https://doi.org/10.1017/S0022050700022269 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S0022050700022269 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Hanson John R. John R. Hanson II is Professor, Economics Department, Texas A and M University, College Station, TX 77843-4228 NATIONALLICENCE 773 0- The Journal of Economic History Cambridge University Press 59/1(1999-03), 1-16 0022-0507 59:1<1 1999 59 JEH CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge