| Is there a link between economic growth and culture? The data in this paper, including data from 15 countries, suggests that there is. Culture, in this paper, was divided into seven different variables. To test if those seven variables have a significant effect on GDP growth rate, we ran multiple linear regression models by country separately and that several of the seven variables have significant effect on GDP growth rate for 12 of the countries. The analysis was also done by using mixed models where we also found that several variables affect economic growth through some factors such as labor and international trade. Also, I grouped countries into clusters, and found that countries with similar culture features often have different significant variables that affect economic growth. |