Culture, Geography and Institutions: Empirical Evidence from Small-scale Banking
研究了文化如何直接影响经济活动，发现共同文化遗产对奥地利地方银行向邻国东欧欧盟成员国的跨境贷款有显著影响，即使考虑地理邻近和制度趋同后仍成立。
In this article, I explore one of the channels through which culture may directly affect economic activities. I find evidence that common cultural heritage has a statistically and economically significant effect on cross‐border bank loans (even after geographical closeness and institutional convergence have been taken into account) flowing from Austria's local and regional banks to clients residing in one of the neighbouring Eastern European EU member states. To compile formal statistical evidence that common culture plays a role in cross‐border bank lending, I developed a new instrument of cultural distance that measures Austria's cultural proximity to its neighbouring Eastern European countries.