A theory of cultural revivals

Autor: Jared Rubin, Avner Seror, Murat Iyigun
Přispěvatelé: University of Colorado [Boulder], Chapman University, Aix-Marseille Sciences Economiques (AMSE), École des hautes études en sciences sociales (EHESS)-Aix Marseille Université (AMU)-École Centrale de Marseille (ECM)-Centre National de la Recherche Scientifique (CNRS), École des hautes études en sciences sociales (EHESS)-École Centrale de Marseille (ECM)-Centre National de la Recherche Scientifique (CNRS)-Aix Marseille Université (AMU), Lhuillier, Elisabeth
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Economics and Econometrics
Cultural beliefs
Conservatism
Institutions
JEL: D - Microeconomics/D.D0 - General/D.D0.D02 - Institutions: Design
Formation
Operations
and Impact
Power (social and political)
Politics
JEL: O - Economic Development
Innovation
Technological Change
and Growth/O.O3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights/O.O3.O38 - Government Policy
JEL: O - Economic Development
Innovation
Technological Change
and Growth/O.O3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights/O.O3.O33 - Technological Change: Choices and Consequences • Diffusion Processes
0502 economics and business
Economics
Cultural values
JEL: N - Economic History/N.N4 - Government
War
Law
International Relations
and Regulation/N.N4.N40 - General
International
or Comparative
JEL: Z - Other Special Topics/Z.Z1 - Cultural Economics • Economic Sociology • Economic Anthropology/Z.Z1.Z10 - General
050207 economics
[SHS.ECO] Humanities and Social Sciences/Economics and Finance
Cultural transmission in animals
Composition (language)
050205 econometrics
Institutional change
Technological change
05 social sciences
Cultural group selection
1. No poverty
JEL: N - Economic History/N.N7 - Transport
Trade
Energy
Technology
and Other Services/N.N7.N70 - General
International
or Comparative
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
JEL: O - Economic Development
Innovation
Technological Change
and Growth/O.O4 - Economic Growth and Aggregate Productivity/O.O4.O43 - Institutions and Growth
Political economy
JEL: Z - Other Special Topics/Z.Z0 - General
Cultural transmission
Finance
Zdroj: European Economic Review
European Economic Review, Elsevier, 2021, 135, pp.103734. ⟨10.1016/j.euroecorev.2021.103734⟩
European Economic Review, 2021, 135, pp.103734. ⟨10.1016/j.euroecorev.2021.103734⟩
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2021.103734⟩
Popis: Why do some societies fail to adopt more efficient institutions? And why do such failures often coincide with cultural movements that glorify the past? We propose a model highlighting the interplay—or lack thereof—between institutional change and cultural beliefs. The main insight is that institutional change by itself will not lead to a more efficient economy unless culture evolves in tandem. This is because institutional change can be countered by changes in cultural values complementary to a more "traditional" economy. In our model, forward-looking elites, who benefit from a traditional, inefficient economy, may over-provide public goods that are complementary to the production of traditional goods. This encourages individuals to transmit cultural beliefs complementary to the provision of traditional goods. A horse race results between institutions, which evolve towards a more efficient (less traditional) economy, and cultural norms, which are pulled towards "tradition" by the elites. When culture wins the horse race, institutions respond by giving more political power to traditional elites—even if in doing so more efficient institutions are left behind. We call the interaction between these cultural and institutional dynamics a cultural revival.
Databáze: OpenAIRE
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