Individual attitudes towards the impact of multinational corporations on local businesses: how important are individual characteristics and country-level traits?

J. Daniels, Miao Wang () and M. C. S. Wong

Applied Economics Letters, 2016, vol. 23, issue 7, 526-531

Abstract: We study the importance of individual characteristics and national factors influencing individual attitudes towards the impact of multinational corporations on local businesses. Our sample includes more than 40 000 respondents in 29 countries from the 2003 National Identity Survey conducted by the International Social Survey Programme. We find that individual demographic factors and socioeconomic status, such as gender, age, income and education, are strong predictors of their attitudes. For example, income and education are positively associated with favourable attitudes towards the impact of multinational corporations (MNCs) on local businesses while age is negatively associated with individual attitudes towards MNCs. In addition, hierarchical ordered logit model results show that approximately 8% of total variations in individual attitudes around our sample mean are not explained by differences in personal traits. Instead, they are due to country-level heterogeneity such as, but not limited to, different degrees of openness or different aggregate income.

Date: 2016
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DOI: 10.1080/13504851.2015.1085631

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