Mayda, Anna Maria; O'Rourke, Kevin Hjortshøj; Sinnott, … - National Bureau of Economic Research (NBER) - 2007
This paper uses international survey data to document two stylized facts. First, risk aversion is associated with anti-trade attitudes. Second, this effect is smaller in countries with greater levels of government expenditure. The paper thus provides evidence for the microeconomic underpinnings...