Resumen

BRUN ANDRADE, Romel. Cultural Beliefs and Institutions. Perspectivas [online]. 2017, n.40, pp.115-142. ISSN 1994-3733.

In this paper we study from an empirical point of view the causal relationship between beliefs and property right institution. We first identified a set of cultural beliefs that could be correlated with the variable of protection of private property right. As a second step we develop a methodology for measuring these beliefs. Finally, we follow the literature regarding the determinants of property rights and we include our belief variable into a standard economic model to see if beliefs could explain the variability of the quality of property rights institution across countries. We found that Christian beliefs as a proxy of our variable beliefs has a causal effect on the level of the protection of property rights. These results are in line with the literature regarding the relationship between cultural beliefs and institutions.

Palabras clave : Cultural beliefs; property right; institutions.

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