North Meets Hofstede: Effects of Individualistic Culture on Property Rights
研究了86个国家的数据，发现个人主义文化对产权保护有正向因果影响，通过工具变量法控制内生性，结果稳健。
ABSTRACT This study investigates the influence of individualistic culture on property rights protection using a dataset of 86 countries. Employing the instrumental variable estimation method, the study uncovers the causal relationship between culture and institutional dynamics, considering variations in historical pathogen prevalence, linguistic pronoun usage, and genetic distance between countries. The findings reveal that individualism has a positive and statistically significant impact on property rights. The results are robust even after controlling for variables associated with both individualism and property rights and when considering alternative dependent and independent variables. This paper effectively links two significant societal elements, namely, the cultural aspect highlighted by Geert Hofstede and the establishment of economic institutions emphasized by Douglass North.