The DOI matches its Crossref record; 61 of the 61 references it cites were found in a registry or an index.
Cultural Biases in Economic Exchange?*
Abstract
How much do cultural biases affect economic exchange? We answer this question by using data on bilateral trust between European countries. We document that this trust is affected not only by the characteristics of the country being trusted, but also by cultural aspects of the match between trusting country and trusted country, such as their history of conflicts and their religious, genetic, and somatic similarities. We then find that lower bilateral trust leads to less trade between two countries, less portfolio investment, and less direct investment, even after controlling for the characteristics of the two countries. This effect is stronger for goods that are more trust intensive. Our results suggest that perceptions rooted in culture are important (and generally omitted) determinants of economic exchange.
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Cites
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Gravity with Gravitas: A Solution to the Border Puzzle
Anderson, J. E., & van Wincoop, E. (2003) · American Economic Review · doi:10.1257/000282803321455214 · Cited by 7,566
Ethnicity, Insurgency, and Civil War
FEARON, J. D., & LAITIN, D. D. (2003) · American Political Science Review · doi:10.1017/s0003055403000534 · Cited by 7,366
Testing for Weak Instruments in Linear IV Regression
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Trust, Reciprocity, and Social History
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The Economics of Discrimination.
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Self-citation
Cited by
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Oster, E. (2019) · Journal of Business & Economic Statistics · doi:10.1080/07350015.2016.1227711 · Cited by 5,367
Do institutional investors drive corporate social responsibility? International evidence
Dyck, A., Lins, K. V., Roth, L., & Wagner, H. F. (2019) · Journal of Financial Economics · doi:10.1016/j.jfineco.2018.08.013 · Cited by 2,547
The Slave Trade and the Origins of Mistrust in Africa
Nunn, N., & Wantchekon, L. (2011) · American Economic Review · doi:10.1257/aer.101.7.3221 · Cited by 2,197
Beyond the Glass Ceiling: Does Gender Matter?
Adams, R. B., & Funk, P. (2012) · Management Science · doi:10.1287/mnsc.1110.1452 · Cited by 1,537
Algan, Y., & Cahuc, P. (2010) · American Economic Review · doi:10.1257/aer.100.5.2060 · Cited by 1,286
Metadata
- Authors
- Guiso, L., Sapienza, P., & Zingales, L.
- Venue
- Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 2009-08
- Volume
- 124
- Issue
- 3
- Pages
- 1095-1131
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W3021197892
- Cited by
- 1,922
- References
- 61
- FWCI
- 229.34
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
