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Updated: May 26, 2026

The Innovation Arena: A Method for Comparing Innovative Problem-Solving Across Groups
Published on: May 13, 2022
Individualism, innovation, and long-run growth
Yuriy Gorodnichenko1, Gerard Roland
1Department of Economics, University of California, Berkeley, CA 94720, USA.
Abstract:
Countries having a more individualist culture have enjoyed higher long-run growth than countries with a more collectivist culture. Individualist culture attaches social status rewards to personal achievements and thus, provides not only monetary incentives for innovation but also social status rewards, leading to higher rates of innovation and economic growth.
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