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Risk, Government and Globalization: International Survey Evidence

Anna Maria Mayda (), Kevin O'Rourke () and Richard Sinnott

No 6354, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper uses international survey data to document two stylized facts. First, risk aversion is associated with anti-trade attitudes. Second, this effect is smaller in countries with greater levels of government expenditure. The paper thus provides evidence for the microeconomic underpinnings of the argument associated with Ruggie (1982), Rodrik (1998) and others that government spending can bolster support for globalization by reducing the risk associated with it in the minds of voters.

Keywords: risk; trade attitudes (search for similar items in EconPapers)
JEL-codes: F13 P16 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int, nep-pol and nep-upt
Date: 2007-06
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Working Paper: Risk, Government andd Globalization: International Survey Evidence (2007) Downloads
Working Paper: Risk, Government and Globalization: International Survey Evidence (2007) Downloads
Working Paper: Risk, Government and Globalization: International Survey Evidence (2007) Downloads
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