Individual responsibility and economic development: evidence from rainfall data

KYKLOS • Vol/Iss. 69(3) • John Wiley & Sons • • Published In • Pages: 426-470 •
By Davis, Lewis

Abstract

Drawing from risk sharing theory, this paper used data from 89 countries to examine the relationship between historic rainfall variation (before 1900) and the emergence of collectivism in, assumed to be, preindustrial societies. Contemporary values of individualistic responsibilities were used under the assumption that they will reflect preindustrial values. Findings support the hypothesis that countries with greater rainfall variation will have less individualism than countries with less rainfall variation. The author then examined rainfall variation and individual responsibility as a proposed catalyst for economic development. Support was found that as individualism increased, so did the economic development of a country.
Documents and Hypotheses Filed By: danielle.russell