Individualism and political instability |
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Affiliation: | 1. University of Tübingen, Germany;1. University of Padova, Department of Economics and Management, Italy;2. Politecnico di Torino, Department of Management and Production Engineering, Italy;3. University of Padova, Department of Economics and Management, Higher School of Economics, National Research University, HSE-NRU, Moscow, Italy;1. University of Lucerne, Faculty of Economics and Management, Frohburgstrasse 3, 6002, Lucerne, Switzerland;2. University of St. Gallen, Varnbüelstrasse 19, 9000, St. Gallen, Switzerland |
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Abstract: | This paper examines the relationship between the individualism-collectivism dimension of culture and political instability using a dataset covering around 100 countries. To shed light on the causal effect of culture on political instability, the identification strategy exploits the variation in historical pathogen prevalence and the information provided by the genetic distance between countries. The results reveal that individualism has a negative and statistically significant impact on the degree of political instability, which means that this cultural trait contributes to making the political environment more stable. This finding is robust to the inclusion in the analysis of a substantial number of controls that may be correlated with both individualism and political instability, including other cultural dimensions. In fact, the relationship between individualism and political instability does not depend either on the specific measures used to quantify the level of individualism and political instability within the various countries or the estimation strategy adopted. The estimates also show that part of the observed effect of individualism is due to the impact of institutional quality, which acts as a transmission channel linking this cultural trait and political instability. |
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Keywords: | Individualism Collectivism Political instability Institutions D74 Z10 |
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