Culture, freedom and economic growth: Do cultural values explain economic growth? |
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| Authors: | James P. Johnson Tomasz Lenartowicz |
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| Affiliation: | James P. Johnson, Department of Business Administration, College of Business &; Public Administration, Old Dominion University, Norfolk, VA 23529-0223, USA;Tomasz Lenartowicz, Department of Marketing Administration, College of Business Administration, The University of Texas at Austin, Austin, TX 78712-117, USA |
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| Abstract: | Economic freedom, the ability of a society to conduct business in an unfettered manner without government intrusion, is a key determinant of economic success, but national culture, too, is thought to play a significant role in shaping a nation's business environment. This article combines data from a bench-mark report, the Index of Economic Freedom, with two competing measures of national culture to posit a significant relationship between measures of culture, economic freedom, and economic growth. We discuss the implications of this relationship for business and for further academic research. |
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