What impact does culture have on an economy? A paper tries to answer

And what is the impact of economic policies on culture? The paper calls for more research

In this season of Hindu festivals, I thought it would be interesting to see what impact culture has on a country's economy. To my good fortune, I came across a recent paper on the subject.

I wanted to see if different cultures lead to different economic outcomes. This is the precise question asked in a paper written by Sara Lowes. 

The paper is called "Culture in Historical Political Economy".

Ms Lowes defines culture as "the set of socially transmitted values and beliefs held by individuals". She says these have "important implications for a wide variety of economic