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1.
Trust and economic growth: a robustness analysis 总被引:8,自引:0,他引:8
Beugelsdijk Sjoerd; de Groot Henri L.F.; van Schaik Anton B.T.M. 《Oxford economic papers》2004,56(1):118-134
This paper analyses the robustness of results on the relationshipbetween growth and trust previously derived by Knack and Keefer(1997) and Zak and Knack (2001) along several dimensions, acknowledgingthe complexity of the concept of robustness. Our results showthat the Knack and Keefer results are only limitedly robust,whereas the results found by Zak and Knack are highly robustin terms of significance of the estimated coefficients and reasonablyrobust in terms of the estimated effect size. The improvementin robustness is caused by the inclusion of countries with relativelylow scores on trust (most notably, the Philippines and Peru).Overall, our results point at a relatively important role fortrust. However, the answer to the question how large this payoffactually is depends on the set of conditioning variables controlledfor in the regression analysis andto an even larger extentonthe underlying sample. 相似文献
2.
A note on the theory and measurement of trust in explaining differences in economic growth 总被引:1,自引:0,他引:1
This paper takes issue with the trend to attribute differencesin economic growth rates to differences in interpersonal trust.I discuss the World Values Survey (WVS) measure that is usedto operationalise trust at the macro level. I hypothesise thatthere is a mismatch between the theoretical argument and theempirical operationalisation of trust. Instead of measuringtrust, the WVS measure may instead proxy the well-functioningof institutions. I provide circumstantial evidence for thisthesis by a principal components analysis of trust and institutionsand a robustness test of Zak and Knack's (2001. Trust and growth,Economic Journal, vol. 111, 295321) seminal study ontrust and economic growth. 相似文献
3.
A dyadic approach to the impact of differences in organizational culture on relationship performance
Sjoerd Beugelsdijk Author Vitae Carla Koen Author Vitae Niels Noorderhaven Author Vitae 《Industrial Marketing Management》2009,38(3):312-323
The authors extend previous research on relationship management by investigating the potential effect of differences in organizational culture on relationship performance among 124 dyads. Theory suggests that partner similarity may improve the feeling of we-ness thereby contributing to the perceived success of inter-firm cooperation. The findings reveal that differences in organizational culture are larger in less successful inter-firm relationships, but do not influence the perceived relationship success significantly. Our results suggest that relationship managers should not confuse compatibility with similarity; personal chemistry is important for relationship atmosphere but does not solely depend on similarities. Future research in this area may wish to concentrate on a more complete measure of organizational (sub)culture(s), the different levels of analysis (personal, organizational, dyad), relationship life cycles (stage models) and the role of organizational identity. 相似文献
4.
This paper deals with an intriguing paradox that can be observed in today’s regional economic policy making: whereas unique local factors are increasingly seen as the determinants of regional economic success, simultaneously more and more governments try to copy policy experiences that proved to be successful in a particular region. A good example here is the use of ‘best practices’ in the field of regional cluster policy. Cluster programs are becoming like ‘mantras’ for policy makers who want to stimulate regional economic development. Given this paradox, in the present paper we address the question what lessons can be drawn from comparing success stories of regional clustering. To answer this question, we combine insights from regional economics and comparative public policy. To start, we discuss the literature that has led to the popularity of the cluster concept as a learning device among policy makers. After that, we identify the preconditions (‘contingencies’) that affect whether these cluster policy initiatives can be transferred from one place to another. We find that some of the contingent influences, especially those related to the degree of uniqueness of an area’s economic structure and culture, hamper the possibility of ‘learning by comparing’ in regional cluster policy. It may even be argued that exactly those regional specificities explain the success of cluster–based policy efforts. Thus, we have to draw the rather pessimistic conclusion that the possibilities of lesson–drawing in regional cluster policy are limited. In our view, at best ‘best practices’ should be seen as inspiration sources rather than as recipes for successful regional economic development. A preliminary version of this paper was presented at the CURE 3–Conference on Outstanding Regions in Leeuwarden, The Netherlands, November 22–24, 2000. We would like to thank Arnoud Lagendijk, an anonymous referee and the editors for valuable comments. 相似文献
5.
Sjoerd Beugelsdijk 《Journal of Evolutionary Economics》2007,17(2):187-210
In this paper, we empirically study the relationship between entrepreneurial culture and economic growth. Based on a micro
based comparison of entrepreneurs and non-entrepreneurs, we develop a measure reflecting entrepreneurial attitude at the regional
level. We subsequently relate this newly developed variable, ‘entrepreneurial culture,’ to innovativeness and economic growth
in 54 European regions. Extensive robustness analysis suggests that differences in economic growth in Europe can be explained
by differences in entrepreneurial culture, albeit mostly in an indirect way.
相似文献
Sjoerd BeugelsdijkEmail: |
6.
Sjoerd Beugelsdijk Marjolijn Onrust André van Hoorn Arjen Slangen 《International Journal of Human Resource Management》2015,26(2):165-191
Extant practice in international management is to measure cultural distance as a nation-to-nation comparison of country means on cultural values, thereby ignoring the cultural variation that exists within countries. We argue that these traditional mean-based measures of cultural distance should take within-country cultural variation into account. Therefore, we propose the use of variance-based measures of cultural distance. To illustrate our argument, we examine total US foreign affiliate sales in more than 40 host countries over the 1983–2008 period, complemented with data from the World Values Survey. We analyze the effects of three cultural distance measures: the Kogut and Singh (1988) mean-based index of cultural distance, the Kogut and Singh (1988) index conditioned by host-country cultural variation and a variance-based measure that takes into account both home- and host-country cultural variation. Our findings indicate that, when within-country cultural variation is taken into account, the explanatory power of the Kogut and Singh (1988) index is substantially decreased. In addition, our variance-based measure of cultural distance outperforms the Kogut and Singh (1988) measure in the explanation of foreign US sales. We therefore suggest to move from mean-based to variance-based measures of cultural distance, thereby taking the cultural variation within countries into account. 相似文献
7.
Sjoerd Beugelsdijk Mariko J. Klasing Petros Milionis 《The Scandinavian journal of economics》2019,121(1):153-181
We investigate the link between culture and regional economic development within European countries. Considering a variety of cultural values, we provide evidence that it is the degree of diversity in these values at the regional level that strongly correlates with economic performance, rather than the prevalence of specific values. In particular, we show that greater value diversity is negatively associated with regional economic performance within countries, which also relates to lower institutional quality and poorer public goods provision. These patterns are robust even when diversity is measured on the basis of values expressed by emigrants residing outside their region of origin. 相似文献
8.
We reestimate McClelland's (1961) thesis on entrepreneurial culture and economic development. McClelland found a strong positive correlation between measures of need for achievement (N achievement) imagery in school textbooks and the subsequent rate of economic growth. Benchmarking our findings against generally accepted empirical growth models, we find no support for his thesis. This leads us to rethink the relationship between entrepreneurial culture and economic growth. 相似文献
9.
Gravity equations are a widely used tool in the International Business (IB) literature to explain country-level trade and FDI flows. Against the background of its increased popularity and data availability, a range of commonly made econometric mistakes have recently been discussed in the literature, mostly pertaining to the (omitted) characteristics of countries or country pairs in gravity models. In this paper we complement this literature by focusing on the time-series aspects of gravity models, something that has become crucial with the increased use of panel data. Specifically, we concentrate on the possible non-stationarity of both the dependent variable (trade or FDI flows) and of one or more of the explanatory variables. In this paper we (i) show that there is indeed a problem with the non-stationarity of variables commonly used in gravity equations; (ii) show that not correcting for this yields overestimated results; and (iii) propose an effective solution. 相似文献
10.
In this paper, we contribute to the literature investigating the impact of FDI on host country economic growth by distinguishing between the growth effects of horizontal (market seeking) FDI and vertical (efficiency seeking) FDI. Using a new database, we estimate the growth effects of vertical and horizontal US MNE activity into 44 host countries over the period 1983–2003, also using traditional total FDI figures as a benchmark. Controlling for endogeneity and absorptive capacity effects, we find that horizontal and vertical FDI have positive and significant growth effects in developed countries. Moreover, our results indicate a superior growth effect of horizontal FDI over vertical FDI. In line with existing literature, we find no significant effects of horizontal or vertical FDI in developing countries. 相似文献