Culture, democracy and regulation

Claudia R. Williamson ()
Additional contact information
Claudia R. Williamson: University of Tennessee at Chattanooga
Authors registered in the RePEc Author Service: Claudia Williamson Kramer

Constitutional Political Economy, 2021, vol. 32, issue 1, No 5, 98-126

Abstract: Abstract This paper examines how culture influences business regulation across countries. Empirical analysis reveals that individualistic countries adopt fewer regulations than collectivist countries. This result is independent of political institutions, suggesting that culture directly affects regulation by shaping preferences over economic policy. Individualism’s influence is magnified in democratic countries. These results support a public choice interpretation of regulation where culture may provide an additional check on government’s ability to rent seek via inefficient regulation.

Keywords: Culture; Individualism; Regulation; Democracy (search for similar items in EconPapers)
JEL-codes: F55 K22 L51 O17 Z10 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10602-020-09319-1 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:copoec:v:32:y:2021:i:1:d:10.1007_s10602-020-09319-1

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/10602/PS2

DOI: 10.1007/s10602-020-09319-1

Access Statistics for this article

Constitutional Political Economy is currently edited by Roger Congleton and Stefan Voigt

More articles in Constitutional Political Economy from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().