Abstract
The previous chapter presented the structures of the first element of cultural background’s second-round effects. The present chapter deals with the second element, incentives. Furthermore the chapter concerns third-round effects with a focus on the relationship between cultural background and growth, followed by section on income and wealth distribution. Finally, the interactions are presented in reverse, i.e., from growth and distribution to cultural background in last section of the chapter.
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Petrakis, P.E. (2014). The Effect of Cultural Background on Incentives, Growth and Distribution, and Vice Versa. In: Culture, Growth and Economic Policy. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-41440-4_6
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DOI: https://doi.org/10.1007/978-3-642-41440-4_6
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