Do Institutions and Culture Matter for Business Cycles?
نویسندگان
چکیده
منابع مشابه
Do Institutions and Culture Matter for Business Cycles?
We examine the relationship between institutions, culture and cyclical fluctuations for a sample of 45 European, Middle Eastern and North African countries. Better governance is associated with shorter and less severe contractions and milder expansions. Certain cultural traits, such as lack of acceptance of power distance and individualism, are also linked business cycle features. Business cycl...
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ژورنال
عنوان ژورنال: Open Economies Review
سال: 2014
ISSN: 0923-7992,1573-708X
DOI: 10.1007/s11079-013-9298-0