

Sociocultural factors in economics: Milestones and perspectives
https://doi.org/10.32609/0042-8736-2020-7-75-91
Abstract
The paper analyzes key achievements in sociocultural research of economic development for the last twenty years. Firstly, the paper describes the main approaches in sociocultural studies and key trends in empirical research (including causality issues). Secondly, it poses critical open questions in sociocultural research concerning the relationship between culture and institutions, within-country cultural differences, and culture in dynamics. It demonstrates how the research into culture is connected to the studies of social capital. Finally, the paper formulates the theses of the sociocultural economics research field.
About the Authors
A. A. AuzanRussian Federation
Alexander A. Auzan
Moscow
A. I. Bakhtigaraeva
Russian Federation
Asiia I. Bakhtigaraeva
Moscow
V. A. Bryzgalin
Russian Federation
Viktor A. Bryzgalin
Moscow
A. V. Zolotov
Russian Federation
Anton V. Zolotov
Moscow
E. N. Nikishina
Russian Federation
Elena N. Nikishina
Moscow
N. A. Pripuzova
Russian Federation
Nadezhda A. Pripuzova
Moscow
A. A. Stavinskaya
Russian Federation
Alexandra A. Stavinskaya
Moscow
References
1. Avtonomov V. S., Vorobyev A. S., Kononenko P. B., Raskov D. E., Tulchinskiy G. L. (2017). Culture as the new frontier of economics. Ekonomicheskaya Politika, Vol. 12, No. 5, pp. 178—193. (In Russian). https://doi.org/10.18288/1994-5124-2017-5-09
2. Antonov E. V., Auzan A. A., Bryzgalin V. A., Zolotov A. V., Nikishina E. N., Pripuzova N. A., Trukhachev S. A. (2019). Sociocultural factors of population innovation activity. Moscow: Institute for National Projects; Russian Venture Company. (In Russian).
3. Auzan A. A., Avdienkova M. A., Andreeva D. A., Bakhtigaraeva A. I., Bryzgalin V. A., Butaeva K. O., Weber S., Davydov D. V., Zolotov A. V., Nikitin K. M., Nikishina E. N., Pripuzova N. A., Stavinskaya A. A. (2017). Sociocultural factors of innovative development and successful implementation of reforms. Moscow: Center for Strategic Research. (In Russian).
4. Auzan A. A., Arkhangelskiy A. N., Lungin P. S., Nayshul V. A. (2011). Cultural factors of the modernization. St. Petersburg: Strategiya 2020 Foundation. (In Russian).
5. Auzan A. A. (ed.) (2005). Institutional economics. Moscow: Infra-M. (In Russian).
6. Auzan A.A., Nikishina Е. N. Economic dynamics in the long run: The role of informal institutions. Zhurnal Ekonomicheskoy Teorii, No. 4, pp. 48—57. (In Russian).
7. Auzan A., Bakhtigaraeva A., Zolotov A., Nikishina E., Stavinskaya A. (2016). Sociocultural economics. Paper prepared for the XVII April international academic conference on economic and social development, Moscow, April 19—22. (In Russian).
8. Auzan A. A., Komissarov A. G., Bakhtigaraeva A. I. (2019). Sociocultural restrictions on the commercialization of innovations in Russia. Ekonomicheskaya Politika, Vol. 14, No. 4, pp. 76—95. (In Russian).. https://doi.org/10.18288/1994-5124-2019-4-76-95
9. Bakhtigaraeva A. I., Stavinskaya A. A. (2020). Can trust become a factor of economic growth? Dynamic changes in the level of trust of Russian youth. Voprosy Ekonomiki, No. 7, pp. 92—107. (In Russian). https://doi.org/10.32609/0042-8736-2020-7-92-107
10. Bryzgalin V. A., Nikishina E. N. (2020). Is there a regional culture in Russia? Opportunities of using a sociocultural approach in economics. Voprosy Ekonomiki, No. 7, pp. 108—126. (In Russian). https://doi.org/10.32609/0042-8736-2020-7-108-126
11. Dubitskaya V. (2015). Сopied capitalism: Illusions of effective managers. Moscow: Alpina Pablisher. (In Russian).
12. Zolotov A. V., Pripuzova N. A. (2020). Reproduction of social norms in Russia. Voprosy Ekonomiki, No. 7, pp. 127—141 (In Russian). https://doi.org/10.32609/0042-8736-2020-7-127-141
13. Latov Yu. V., Latova N. V. (2007). Findings and paradoxes of ethnometric analysis of russia’s economic culture according to Hofstede. Mir Rossii, No. 4, pp. 43—72. (In Russian).
14. Lebedeva N. M., Tatarko A. N. (2007). Cultural values and the society development. Moscow: HSE Publ. (In Russian).
15. Nikishina E. N. (2015). Cultural capital as а factor оf uncertainty and transaction costs. Vestnik Moskovskogo Universiteta, Seriya 6: Ekonomika, No. 5, pp. 3—21. (In Russian).
16. Nort D. (1997). Institutions, institutional change and economic performance. Moscow: Fond Ekonomicheskoy Knigi “Nachala”. (In Russian).
17. Polishchuk L., Menyashev R. Economic significance of social capital. Voprosy Ekonomiki, No. 12, pp. 46—65. (In Russian). https://doi.org/10.32609/0042-8736-2011-12-46-65
18. Polterovich V. (2001). Transplantation of institutions. Ekonomicheskaya Nauka Sovremennoy Rossii, No. 3, pp. 24—50. (In Russian). https://doi.org/10.1001/jama.285.12.1649
19. Polterovich V. M. (2016). Institutional reforms and civic culture. Istoricheskaya i Sotsialno-obrazovatelnaya Mysl, Vol. 8, No. 2—2, pp. 225—238. (In Russian).
20. Tambovtsev V. (2015). The myth of the “culture code” in economic research. Voprosy Ekonomiki, No. 12, pp. 85—106. (In Russisan).] https://doi.org/10.32609/0042-8736-2015-12-85-106
21. Tambovtsev V. L. (2018). Innovations and culture: Importance of the analysis methodology. Voprosy Ekonomiki, No. 9, pp. 70—94. (In Russian). https://doi.org/10.32609/0042-8736-2018-9-70-94
22. Yadov V. A. (2002). Sociological foundations for the forecast of the Russian future society. Rossiya Reformiruyushchayasya, No. 2, pp. 349—363. (In Russian).
23. Yasin E. (2003). Economy modernization and the system of values. Voprosy Ekonomiki, No. 4, pp. 4—36. (In Russian). https://doi.org/10.32609/0042-8736-2003-4-4-36
24. Aghion P., Algan Y., Cahuc P., Shleifer A. (2010). Regulation and distrust. Quarterly Journal of Economics, Vol. 125, No. 3, pp. 1015—1049. https://doi.org/10.1162/qjec.2010.125.3.1015
25. Alesina A., Fuchs-Schündeln N. (2007). Good-bye Lenin (or not?): The effect of communism on people’s preferences. American Economic Review, Vol. 97, No. 4, pp. 1507—1528. https://doi.org/10.1257/aer.97.4.1507
26. Alesina A., Giuliano P. (2014). Family ties. In: P. Aghion, S. N. Durlauf (eds.). Handbook of economic growth, Vol. 2, pp. 177—215. Elsevier. https://doi.org/10.1016/B978-0-444-53538-2.00004-6
27. Alesina A., Giuliano P. (2015). Culture and Institutions. Journal of Economic Literature, Vol. 53, No. 4, pp. 898—944. https://doi.org/10.1257/jel.53.4.898
28. Alesina A., Glaeser E. (2004). Fighting poverty in the US and Europe: A world of difference. Oxford: Oxford University Press.
29. Algan Y., Cahuc P. (2009). Civic virtue and labor market institutions. American Economic Journal: Macroeconomics, Vol. 1, No. 1, pp. 111—145. https://doi.org/10.1257/mac.1.1.111
30. Algan Y., Cahuc P. (2010). Inherited trust and growth. American Economic Review, Vol. 100, No. 5, pp. 2060—2092. https://doi.org/10.1257/aer.100.5.2060
31. Algan Y., Cahuc P. (2014). Trust, growth, and well-being: New evidence and policy implications. In: P. Aghion, S. N. Durlauf (eds.). Handbook of economic growth, Vol. 2, pp. 49—120. Elsevier. https://doi.org/10.1016/B978-0-444-53538-2.00002-2
32. Algan Y., Cahuc P., Sangnier M. (2016). Trust and the welfare state: The twin peaks curve. Economic Journal, Vol. 126, No. 593, pp. 861—883. https://doi.org/10.1111/ecoj.12278
33. Ajzen I., Fishbein M. (1980). Understanding attitudes and predicting social behavior. Englewood Cliffs, NJ: Prentice-Hall.
34. Bagozzi R. P., Wong N., Abe S., Bergami M. (2000). Cultural and situational contingencies and the theory of reasoned action: Application to fast food restaurant consumption. Journal of Consumer Psychology, Vol. 9, No. 2, pp. 97—106. https://doi.org/10.1207/S15327663JCP0902_4
35. Becker S. O., Boeckh K., Hainz C., Woessmann L. (2016). The empire is dead, long live the empire! Long-run persistence of trust and corruption in the bureaucracy . Economic Journal, Vol. 126, No. 590, pp. 40—74. https://doi.org/10.1111/ecoj.12220
36. Beugelsdijk S., Maseland R. (2010). Culture in economics: History, methodological reflections and contemporary applications. Cambridge: Cambridge University Press.
37. Beugelsdijk S., Maseland R., van Hoorn A. (2015). Are scores on Hofstede’s dimensions of national culture stable over time? A Cohort Analysis. Global Strategy Journal, Vol. 5, No. 3, pp. 223—240. https://doi.org/10.1002/gsj.1098
38. Beugelsdijk S., Welzel C. (2018). Dimensions and dynamics of national culture: Synthesizing Hofstede with Inglehart. Journal of Cross-Cultural Psychology, Vol. 49, No. 10, pp. 1469—1505. https://doi.org/10.1177/0022022118798505
39. Bigoni M., Bortolotti S., Casari M., Gambetta D., Pancotto F. (2016). Amoral familism, social capital, or trust? The behavioural foundations of the Italian North—South divide. Economic Journal, Vol. 126, No. 594, pp. 1318—1341. https://doi.org/10.1111/ecoj.12292
40. Bisin A., Verdier T. (2001). The economics of cultural transmission and the dynamics of preferences. Journal of Economic Theory, Vol. 97, No. 2, pp. 298—319. https://doi.org/10.1006/jeth.2000.2678
41. Boer D., Fischer R. (2013). How and when do personal values guide our attitudes and sociality? Explaining cross-cultural variability in attitude—value linkages. Psychological Bulletin, Vol. 139, No. 5, pp. 1113. https://doi.org/10.1037/a0031347
42. Bukowski A., Rudnicki S. (2018). Not only individualism: The effects of long-term orientation and other cultural variables on national innovation success. Cross-Cultural Research, Vol. 53, No. 2, pp. 119—162. https://doi.org/10.1177/1069397118785546
43. Cox P. L., Khan R. H. (2017). Country culture and national innovation. Archives of Business Research, Vol. 5, No. 2, pp. 85—101. https://doi.org/10.14738/abr.52.2768
44. Durante R. (2009). Risk, cooperation and the economic origins of social trust: an empirical investigation. Available at SSRN: http://doi.org/10.2139/ssrn.1576774
45. Fernández R. (2011). Does culture matter? In: J. Benhabib, A. Bisin, M. O. Jackson (eds.). Handbook of social economics, Vol. 1, pp. 481—510. Amsterdam: Elsevier. https://doi.org/10.1016/B978-0-444-53187-2.00011-5
46. Fischer R., Poortinga Y. H. (2018). Addressing methodological challenges in culture-comparative research. Journal of Cross-Cultural Psychology, Vol. 49, No. 5, pp. 691—712. https://doi.org/10.1177/0022022117738086
47. Giavazzi F., Petkov I., Schiantarelli F. (2014). Culture: Persistence and evolution. NBER Working Paper, No. 20174. https://doi.org/10.3386/w20174
48. Giuliano P., Nunn N. (2018). Ancestral characteristics of modern populations. Economic History of Developing Regions, Vol. 33, No. 1, pp. 1—17. https://doi.org/10.1080/20780389.2018.1435267
49. Gorodnichenko Y., Roland G. (2015). Culture, institutions and democratization. NBER Working Paper, No. 21117. https://doi.org/10.3386/w21117.
50. Giuliano P., Spilimbergo A. (2014). Growing up in a recession. Review of Economic Studies, Vol. 81, No. 2, pp. 787—817. https://doi.org/10.1093/restud/rdt040
51. Guiso L., Sapienza P., Zingales L. (2006). Does culture affect economic outcomes? Journal оf Economic Perspectives, Vol. 20, No. 2, pp. 23—48. https://doi.org/10.1257/jep.20.2.23
52. Guiso L., Sapienza P., Zingales L. (2016). Long-term persistence. Journal of the European Economic Association, Vol. 14, No. 6, pp. 1401—1436. https://doi.org/10.1111/jeea.12177
53. Harrison L. E., Huntington S. P. (2000). Culture matters: How values shape human progress. New York: Basic Books.
54. Hofstede G. (1984). Culture’s consequences: International differences in work-related values, Vol. 5. Sage Publications.
55. Hofstede G. (2001). Culture’s consequences: Comparing values, behaviors and organisations across nations. 2 nd ed. Thousand Oaks, CA: Sage.
56. Hofstede G., Garibaldi de Hilal A. V., Malvezzi S., Tanure B., Vinken H. (2010). Comparing regional cultures within a country: Lessons from Brazil. Journal of Cross-Cultural Psychology, Vol. 41, No. 3, pp. 336—352. https://doi.org/10.1177/0022022109359696
57. House R. J., Hanges P. J., Javidan M., Dorfman P. W., Gupta V. (eds.) (2004). Culture, leadership, and organizations: The GLOBE study of 62 societies. Thousand Oaks, CA: Sage Publications.
58. Inglehart R. (1990). Culture shift in advanced industrial society. Princeton, NJ: Princeton University Press.
59. Inglehart R. (1997). Modernization and postmodernization: Cultural, economic, and political change in 43 societies. Princeton, NJ: Princeton university press.
60. John O. P., Naumann L. P., Soto C. J. (2008). Paradigm shift to the integrative Big Five trait taxonomy: History, measurement, and conceptual issues. In: O. P. John, R. W. Robins, L. A. Pervin (eds.). Handbook of personality: Theory and research. 3 rd ed. New York: Guilford, pp. 114—158.
61. Knack S., Keefer P. (1997). Does social capital have an economic payoff? A cross-country investigation. Quarterly Journal of Economics, Vol. 112, No. 4, pp. 1251—1288. https://doi.org/10.1162/003355300555475
62. Knies K. G. A. (1883). Die politische Ökonomie vom geschichtlichen Standpunkte. Braunschweig, C.A.: Schwetschke und Sohn.
63. Kwok C. C. Y., Tadesse S. (2006). National culture and financial systems. Journal of International Business Studies, Vol. 37, No. 2, pp. 227—247. https://doi.org/10.1057/palgrave.jibs.8400188
64. Menyashev R., Polishchuk L. (2011). Does social capital have economic payoff in Russia. Moscow: HSE Publ.
65. Miguel E., Saiegh S. M., Satyanath S. (2008). National cultures and soccer violence. NBER Working Paper, No. 13968. https://doi.org/10.3386/w13968
66. Mill J. S. (1848). Principles of political economy. London: John W. Parker.
67. Minkov M. (2018). A revision of Hofstede’s model of national culture: Оld evidence and new data from 56 countries. Cross Cultural and Strategic Management, Vol. 25, No. 2, pp. 231—256. https://doi.org/10.1108/CCSM-03-2017-0033
68. Minkov M., Hofstede G. (2012). Is national culture a meaningful concept? Cultural values delineate homogeneous national clusters of in-country regions. Cross-Cultural Research, Vol. 46, No. 2, pp. 133—159. https://doi.org/10.1177/1069397111427262
69. Nunn N., Qian N., Wen J. (2018). Distrust and political turnover. NBER Working Paper, No. 24187. https://doi.org/10.3386/w24187
70. Nunn N., Wantchekon L. (2011). The slave trade and the origins of Mistrust in Africa. American Economic Review, Vol. 101, No. 7, pp. 3221—3252. https://doi.org/10.1257/aer.101.7.3221
71. Putnam R. D., Leonardi R., Nanetti R. Y. (1994). Making democracy work: Civic traditions in modern Italy. Princeton, NJ: Princeton University Press.
72. Putnam R. D. (1995). Bowling аlone: America’s declining social capital. Journal of Democracy, Vol. 6, No. 1, pp. 65—78. https://doi.org/10.1353/jod.1995.0002
73. Roccas S., Sagiv L., Schwartz S. H., Knafo A. (2002). The big five personality factors and personal values. Personality and Social Psychology Bulletin, Vol. 28, No. 6, pp. 789—801. https://doi.org/10.1177/0146167202289008
74. Rokeach M. (1968). Beliefs, attitudes and values: A theory of organization and change. San Francisco: Jossey-Bass.
75. Schwartz S. H. (1992). Universals in the content and structure of values: Theoretical advances and empirical tests in 20 countries. In: M. P. Zanna (ed.). Advances in experimental social psychology, Vol. 25, pp. 1—65. Elsevier. https://doi.org/10.1016/S0065-2601(08)60281-6
76. Schwartz S. H. (2014). National culture as value orientations: Consequences of value differences and cultural distance. In: V. A. Ginsburgh, D. Throsby (eds.). Handbook of the economics of art and culture, Vol. 2, pp. 547—586. Elsevier. https://doi.org/10.1016/B978-0-444-53776-8.00020-9
77. Schwartz S. H., Caprara G. V., Vecchione M. (2010). Basic personal values, core political values, and voting: A longitudinal analysis. Political Psychology, Vol. 31, No. 3, pp. 421—452. https://doi.org/10.1111/j.1467-9221.2010.00764.x
78. Smith A. (1997 [1766]). Lecture on the influence of commerce on manners, reprinted. In: D. B. Klein (еd.). Reputation: Studies in the voluntary elicitation of good conduct. Ann Arbor: University of Michigan Press.
79. Suddle K., Beugelsdijk S., Wennekers S. (2010). Entrepreneurial culture and its effect on the rate of nascent entrepreneurship. In: A. Freytag, R. Thurik (eds.). Entrepreneurship and culture. Berlin, Heidelberg: Springer, pp. 227—244. https://doi.org/10.1007/978-3-540-87910-7_11
80. Tabellini G. (2010). Culture and institutions: Economic development in the regions of Europe. Journal of European Economics Association, Vol. 8, No. 4, 677—716. https://doi.org/10.1111/j.1542-4774.2010.tb00537.x
81. Taras V., Steel P., Kirkman B. L. (2012). Improving national cultural indices using a longitudinal meta-analysis of Hofstede’s dimensions. Journal of World Business, Vol. 47, No. 3, pp. 329—341. https://doi.org/10.1016/j.jwb.2011.05.001
82. Venaik S., Brewer P. (2016). National culture dimensions: The perpetuation of cultural ignorance. Management Learning, Vol. 47, No. 5, pp. 563—589. https://doi.org/10.1177/1350507616629356
83. Voigtlaender N., Voth H. J. (2012). Persecution perpetuated: The medieval origins of anti-semitic violence in nazi Germany. Quarterly Journal of Economics, Vol. 127, No. 3, pp. 1339—1392. https://doi.org/10.1093/qje/qjs019
84. Williamson O. E. (2000). The new institutional economics: Taking stock, looking ahead. Journal of Economic Literature, Vol. 38, No. 3, pp. 595—613. https://doi.org/10.1257/jel.38.3.595
85. Xue M. M., Michalopoulos S. (2019). Folklore. NBER Working Paper, No. 25430. https://doi.org/10.3386/w25430
Review
For citations:
Auzan A.A., Bakhtigaraeva A.I., Bryzgalin V.A., Zolotov A.V., Nikishina E.N., Pripuzova N.A., Stavinskaya A.A. Sociocultural factors in economics: Milestones and perspectives. Voprosy Ekonomiki. 2020;(7):75-91. (In Russ.) https://doi.org/10.32609/0042-8736-2020-7-75-91