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Impact of culture on economic development

Posted by forecastingtool on May 24, 2016 at 4:05 PM
The quantitative impact of cultural traits to 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.

Find more about the relationship between countries’ cultural traits and economic growth here

Categories: Economy, Forecasting

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