DOI: 10.17265/2159-5836/2013.05.003
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ZHANG Qing-jin

Abstract: It is widely recognized that each culture has a specific effect on the economic development. Based on Chinese culture which can be characterized as lack of afterlife, the pattern of Chinese economic development has distinctive features relative to the economy of the Western world, even to that of Japan and Korea. This paper argues that culture influences economic development through two paths: One is that some cultural factors, as certain institutions, have effects on cost, especially transaction costs. Anothe…

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