Political Regimes, Trade Openness, and National Cultures: A Comparative Analysis of Democratic and Autocratic Regimes
Tochukwu J. Emegwa,
Leonel Prieto and
Prash Gopal
The International Trade Journal, 2024, vol. 38, issue 1, 113-125
Abstract:
We analyze the influence of political regimes (autocracy and democracy) and national cultures (power distance and uncertainty avoidance) of 22 countries on trade openness and international peace. Using R and structural equation modeling (SEM), we found support that as power distance increases, it has a more harmful effect on the trade openness–international peace relationship in both regimes. Thus, the trade openness–international peace relationship exhibits non-linearity in line with the trade expectations theory and movements of power distance. However, as uncertainty avoidance decreases, the political regime–trade openness relationship strengthens.
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:taf:uitjxx:v:38:y:2024:i:1:p:113-125
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DOI: 10.1080/08853908.2023.2281993
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