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An exploration of the impact of culture on the economy: An empirical study of unemployment

Опубликовано на портале: 15-12-2002
Journal of Socio-Economics. 2000.  Vol. 29. No. 3. P. 281-290. 
The role of culture in economic affairs was first recognized by Max Weber who attributed the rise of modern capitalism to the Protestant ethic. More recently, the contribution of cultural factors to economic success or failure in different countries or regions of the world has been documented. The present paper joins this effort by demonstrating the impact of culture on unemployment empirically. The national character traits of neuroticism and extraversion were added to a regression analysis of unemployment developed by Nickell (1998).
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