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@article{ Beugelsdijk2019,
 title = {Value Diversity and Regional Economic Development},
 author = {Beugelsdijk, Sjoerd and Klasing, Mariko J. and Milionis, Petros},
 journal = {The Scandinavian Journal of Economics},
 number = {1},
 pages = {153-181},
 volume = {121},
 year = {2019},
 issn = {1467-9442},
 doi = {https://doi.org/10.1111/sjoe.12253},
 urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-71382-8},
 abstract = {We investigate the link between culture and regional economic development within European
countries. Considering a variety of cultural values, we provide evidence that it is the degree of diversity in these values at the regional level that strongly correlates with economic performance, rather than the prevalence of specific values. In particular, we show that greater value diversity is negatively associated with regional economic performance within countries, which also relates to lower institutional quality and poorer public goods provision. These patterns are robust even when diversity is measured on the basis of values expressed by emigrants residing outside their region of origin.},
 keywords = {regionaler Unterschied; regional difference; Einkommensunterschied; difference in income; Kultur; culture; kulturelle Vielfalt; cultural diversity; Diversität; diversity; Wirtschaftsentwicklung; economic development (on national level); regionale Entwicklung; regional development; EVS; EVS; Regressionsanalyse; regression analysis; Wertorientierung; value-orientation; Bruttoinlandsprodukt; gross domestic product; kulturelle Faktoren; cultural factors; EU; EU}}