Impact of culture on the development of countries
- George Boretos
- Apr 1, 2023
- 1 min read
Updated: Jan 5, 2024
The quantitative impact of cultural traits on economic growth on a country level. In order to measure culture, in the sense of standard behaviors characteristic to the people of a certain country, we use the six dimensions first introduced by professor Geert Hofstede: Power Distance, Individualism, Masculinity, Uncertainty avoidance, Long term orientation, and Indulgence.
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