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Suppose we claim that the rapid economic growth in Barylia can be attributed to the culture ...

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Suppose we claim that the rapid economic growth in Barylia can be attributed to the culture ...

Suppose we claim that the rapid economic growth in Barylia can be attributed to the culture hypothesis. Which of the following can most likely be concluded from this claim?

▸ The citizens of Barylia must be socially inclined to work hard.

▸ Institutions in Barylia must be inclusive.

▸ Barylia must have large stocks of productive natural resources.

▸ Barylia must have a huge stock of physical capital.

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Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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