Detalle Publicación

ARTÍCULO
Individualistic values, institutional trust, and interventionist attitudes
Autores: Pitlik, H.; Rode, Martin Dieter
Título de la revista: JOURNAL OF INSTITUTIONAL ECONOMICS
ISSN: 1744-1374
Volumen: 13
Número: 3
Páginas: 575 - 598
Fecha de publicación: 2017
Lugar: WOS
Resumen:
A popular explanation for economic development is that individualistic values' provide a mind-set that is favorable to the creation of growth-promoting institutions. The present paper investigates the relationship between individualistic values and personal attitudes toward government intervention. We consider two key components of an individualistic culture to be particularly relevant for attitude formation: self-direction ('social' individualism) and self-determination ('economic' individualism). Results indicate that both are negatively associated with interventionist attitudes. Effects of self-direction are much weaker though, than self-determination. Moreover, the effects of self-direction are mitigated through higher trust in the state and lower confidence in companies, while that is not the case for self-determination values. We conclude that especially economic individualism supports attitudes conducive to the formation of formal market-friendly institutions.