Table 14 The effect of culture on economic development

Constant

44.19*** (3.57)

42.56*** (3.90)

37.83*** (2.96)

34.69*** (3.01)

38.23*** (3.08)

37.61*** (3.39)

Hierarchy vs egalitarianism–PC1

− 1.85 (− 1.06)

Hierarchy Vs egalitarianism–PC2

− 5.69** (− 2.15)

Conservatism/embeddedness vs autonomy–PC1

1.19 (0.71)

Conservatism/embeddedness vs autonomy–PC2

− 4.31* (− 1.92)

Mastery vs harmony–PC1

1.61 (0.89)

Mastery vs harmony–PC2

− 5.26** (− 2.04)

N

107

107

105

105

107

107

R²

13.66%

26.03%

4.5%

31.68%

26.34%

23.80%

F-stat

0.69

2.46*

0.33

1.94

0.47

2.19