Journal of Public Administration, Finance and Law (Jun 2015)
CULTURAL VALUES AND REGIONAL DEVELOPMENT IN ROMANIA
Abstract
The role of culture as a determinant of economic development has been extensively debated in literature. This papers aims at analysing at NUTS 2 level the relationship between cultural values and economic development in Romania. Drawing on the existing literature we select from World Values Survey database two types of cultural traits: ones which are proven to be more favourable to economic development such as, trust, independence etc. and several characteristics which are demonstrated to hamper this process as, for example, obedience. They are used to create a cultural portrait of the eight Romanian development regions and, furthermore, using statistical analyses, to explain the differences in development between them.
