Showing 1 - 10 of 176
We show that culture and diversity strongly influence welfare systems around the globe. To disentangle culture from institutions, we employ regional instruments as well as data on the prevalence of the pathogen Toxoplasma Gondii, linguistic differences, and the frequency of blood types. The...
Persistent link: https://www.econbiz.de/10011789109
Casual observation suggests that cultural differences play an important role in business transactions, yet systematic evidence on this relationship is scarce. This paper provides a novel investigation of the effect of cultural distance on multinational firms' decisions to integrate their...
Persistent link: https://www.econbiz.de/10014313474
Ethnically diverse countries are more prone to conflict, but why do some groups engage in conflict while others do not? I show that civil conflict is explained by ethnic groups' cultural distance to the central government: an increase in cultural distance, proxied by linguistic distance,...
Persistent link: https://www.econbiz.de/10014332085
Multinational enterprises are often accused to have a preference for investing in countries in which the working populations' civil and political rights are largely disregarded. This paper presents an empirical investigation of the popular political repression boosts FDI hypothesis and arrives...
Persistent link: https://www.econbiz.de/10011397998
This paper constructs a simple theoretical model to study the implications of globalization for inequality and … redistribution. It shows that when globalization increases inequality, a policymaker interested in maximizing the sum of welfares of … all agents increases redistribution. Empirically, the paper examines the effects of globalization on inequality and …
Persistent link: https://www.econbiz.de/10011343065
We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is … measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of … positive correlation between globalization and credit market deregulation. We account for reverse causality by using predicted …
Persistent link: https://www.econbiz.de/10010528971
This contribution examines the role of capitalism in anti-American terrorism. Using data for 149 countries between 1970 and 2007, this contribution, contrary to expectations from capitalist peace theory, does not find that Anti-American terrorism increases with external economic liberalization...
Persistent link: https://www.econbiz.de/10010375158
According to the Globalization Paradox, globalization limits the freedom of choice for national governments. Capital …. Fixed factor taxes have the potential to improve welfare by defusing the globalization trilemma through a reduction in the …
Persistent link: https://www.econbiz.de/10010375314
We provide evidence indicating that countries with well-developed social security systems do not necessarily face a trade-off between social spending and competitiveness. On average, countries that spend a lot on social needs score well in the competitiveness league. We investigate the...
Persistent link: https://www.econbiz.de/10011506440
This paper reviews changes in global, between-country and within-country inequality over 1980-2000 against the background of the shifts that occurred in this area during the globalisation of 1870-1914. The paper finds that recent changes in global and between-country inequality are not marked...
Persistent link: https://www.econbiz.de/10011514131