Titlebook: Culture, Growth and Economic Policy; Panagiotis E. Petrakis Book 2014 Springer-Verlag Berlin Heidelberg 2014 Cultural Background.Economic

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Haleh Afshar (Lecturer in Economics)y human beliefs and preferences are formed and in which cultural background lies. The present chapter attempts to reveal the relationship between cultural background and rational choice by analyzing the conclusions of certain laboratory experiments that examine whether different cultural dimensions influence rational behavior.

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Cultural Background and Rationalityy human beliefs and preferences are formed and in which cultural background lies. The present chapter attempts to reveal the relationship between cultural background and rational choice by analyzing the conclusions of certain laboratory experiments that examine whether different cultural dimensions influence rational behavior.

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Power Distance, Uncertainty, Time and Growthd goals, play a primary role in the individual’s future actions. Time orientation is closely connected with individual progress. By predicting the future, people feel as though they are predicting their own development, resulting in the fact that we set the directions we wish to follow.

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of cultural dimensions and stereotypes.Includes supplementarIt 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

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https://doi.org/10.1007/978-1-349-18951-9fted the focus of policy to knowledge, which became particularly potent in terms of its impact on growth when compared with the traditional factors of physical capital and labor, where no knowledge spillovers or free access by third-party firms was possible (Audretsch, The Entrepreneurial Society, Oxford University Press, New York, NY, 2007).