The dimension of green economy: Culture viewpoint

Chien-Chiang Lee (), Chih-Wei Wang and Shan-Ju Ho

Economic Analysis and Policy, 2022, vol. 74, issue C, 122-138

Abstract: This research examines the impact of Hofstede’s six cultural dimensions on 122 countries’ green economy and finds strong evidence that individualism, uncertainty avoidance, and long-term orientation positively influences this special economy. By contrast, power distance, masculinity, and indulgence have negative and robust impact on all measures of a green economy. Legislating environmental regulations or focusing on green technologies can be harmful for a green economy in countries with high levels of individualism, power distance, and indulgence. In more masculine countries, green economies can be promoted through technology rather than regulation. Finally, we note that the level of economic and financial development influences the relationship between national culture and the green economy. The empirical evidence offers implications for governments, policy makers, and future researchers.

Keywords: Cross-country analysis; National culture; Green economy; Technology; Regulation; Financial development (search for similar items in EconPapers)
JEL-codes: C10 G38 N70 O25 Z10 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:74:y:2022:i:c:p:122-138

DOI: 10.1016/j.eap.2022.01.015

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