Work

Individualism, innovation, and long-run growth

Year: 2011

Type: article

Abstract: Countries having a more individualist culture have enjoyed higher long-run growth than countries with a more collectivist culture. Individualist culture attaches social status rewards to personal achievements and thus, provides not only monetary incentives for innovation but also social status rewards, leading to higher rates of innovation and economic growth.

Source: Proceedings of the National Academy of Sciences

DOI: 10.1073/pnas.1101933108

Authors: Yuriy Gorodnichenko, Gerard Roland

Institutions: National Bureau of Economic Research, University of California, Berkeley, Centre for Economic Policy Research

Language: English

Topic: Culture, Economy, and Development Studies

Subfield: Development

Field: Social Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2052110486

FWCI: 12.22

Cites: 13

Cited by: 231

Related to: 9