Does the National Cultural Dimensions Influence on the Economic Freedom?

Zoriana Matsuk () and Vira Shyiko ()
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Zoriana Matsuk: Kyiv National Economic University named after Vadym Hetman
Vira Shyiko: Ivano-Frankivsk National Technical University of Oil and Gas

A chapter in Organizations and Performance in a Complex World, 2021, pp 145-158 from Springer

Abstract: Abstract For the last two years the authors researched the influence of the national cultural dimensions on the economic development of the country. In their works they studied the influence of the national mentality on the efficiency of the import of the securities market institutional support. They modeled the connection between the indicators of the economic freedom and the national mentality dimensions using the correlation and regression analysis; determined the country place on the world mentality map. This Paper is continuation of the authors’ previous researches. On the one hand, using the correlation analysis the authors proved the hypothesis of the presence of the connection between the index of economic freedom and national cultural dimensions (after Hofstede). On the other hand, they proved it between some indicators of the economic freedom and national cultural dimensions (after Hofstede) using the program Curve Fitting Toolbox (Mathlab). The analysis was done using 19 indicators from 35 European countries: 6 indicators of the national cultural dimension and 13 indicators of economic freedom. This research helped to find out, which indicators of the national cultural dimensions can influence on the development of economic freedom in the country. The authors managed to confirm the calculations carried out in the previous study, as well as to receive new insights. In a further search for the answer to the question “How can the nation’s mentality affect the level of economic freedom in the country?” the authors plan to study deeper the mental characteristics of the nation, in particular to test the mental performance of S. Schwartz, C. Hampden-Turner, F. Trompenaars.

Keywords: Economic freedom; National cultural dimension; Connection (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-50676-6_12

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DOI: 10.1007/978-3-030-50676-6_12

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