Economic freedom reform: does culture matter?
研究了文化(尤其是个人主义)如何影响经济自由改革,发现个人主义能增强民主促进经济自由的效果,且国家间制度差异随文化差异增大。
Abstract We analyse the role of culture in economic freedom reform and dispersion in an unbalanced panel of up to 80 countries, and in dyadic models with up to 3,003 unique country pairs. We find that a sense of individualism strengthens the effectiveness of democracy in promoting economic freedom within countries over 1950–2015, and that institutional distance between countries increases in their cultural distance, suggesting an important role of culture in determining long-run institutional equilibria. Our results are robust to a large variety of socio-economic controls, measures of institutions and measures of bilateral geographic, economic and demographic distances.