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How deep are the roots of economic development?

Spolaore, Enrico; Wacziarg, Romain - 2012

The empirical literature on economic growth and development has moved from the study of proximate determinants to the analysis of ever deeper, more fundamental factors, rooted in long-term history. A growing body of new empirical work focuses on the measurement and estimation of the effects of...

Persistent link: https://www.econbiz.de/10010283630

Endogenous borders?: the effects of new borders on trade in Central Europe 1885-1933

Heinemeyer, Hans Christian; Schulze, Max-Stephan; Wolf, … - 2008

A large literature on border effects in the wake of McCallum (1995) documents the massive impact of borders on trade. However, all these studies suffer from an identification problem. Border effects are usually identified from cross-sectional variation alone. We do not know how trade would...

Persistent link: https://www.econbiz.de/10010274225

The invisible hand plays dice : eventualities in religious markets

Poutvaara, Panu; Wagener, Andreas - 2004

Religious participation is much more widespread in the United States than in Europe, while Europeans tend to view sects more suspiciously than Americans. We propose an explanation for these patterns without assuming differences in preferences or market fundamentals. Religious markets may have...

Persistent link: https://www.econbiz.de/10010261227

Cultural Stereotypes of Multinational Banks

Eichengreen, Barry; Saka, Orkun - 2022

Using hand-collected data spanning more than a decade on European banks' sovereign debt portfolios, we show that the trust of residents of a bank's countries of operation in the residents of a potential target country of investment has a positive, statistically significant, and economically...

Persistent link: https://www.econbiz.de/10014290033

Spatial exporters

Defever, Fabrice; Heid, Benedikt; Larch, Mario - 2011

In this paper, we provide evidence that expanding firms tend to serve new markets which are geographically close and culturally related to their prior export destinations. We quantify the impact of this spatial pattern using a Chinese firm-level data set. To ensure an exogenous set of potential...

Persistent link: https://www.econbiz.de/10010280629

International trade and cultural diversity : a model of preference selection

Bala, Vankatesh; Long, Ngo Van - 2004

We consider the evolution of preferences when trade occurs between two countries. We show that if one country is much larger than the other, its preferences can eventually take over the preferences of the second country. This result may provide an explanation of why small countries sometimes...

Persistent link: https://www.econbiz.de/10010261231

Culture and institutions : economic development in the regions of Europe

Tabellini, Guido - 2005

Does culture have a causal effect on economic development? The data on European regions suggest that it does. Culture is measured by indicators of individual values and beliefs, such as trust and respect for others, and confidence in individual self-determination. To isolate the exogenous...

Persistent link: https://www.econbiz.de/10010261295

Herding, Warfare, and a Culture of Honor : Global Evidence

Cao, Yiming; Enke, Benjamin; Falk, Armin; Giuliano, Paola; … - 2022

According to the widely known ‘culture of honor’ hypothesis from social psychology, traditional herding practices have generated a value system conducive to revenge-taking and violence. We test the economic significance of this idea at a global scale using a combination of ethnographic and...

Persistent link: https://www.econbiz.de/10013308100

Not the opium of the people: Income and secularization in a panel of Prussian counties

Becker, Sascha O.; Woessmann, Ludger - 2013

The interplay between religion and the economy has occupied social scientists for long. We construct a unique panel of … doubt on causal interpretations of the religion-economy nexus in Prussian secularization. …

Persistent link: https://www.econbiz.de/10010291671

Happiness and Religion

Fidrmuc, Jan; Tunali, Cigdem Börke - 2015

We use four ways of the European Social Survey, covering 2000 to 2008, to analyze the effect of religion on happiness … the effects of belonging to an organized religion from the effect of holding religious beliefs, we find that the former … lowers happiness while the latter raises it. We interpret this as evidence that the tangible aspects of religion (such as …

Persistent link: https://www.econbiz.de/10011307097