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Greßer, Christina ; Stadelmann, David:
The influence of the cultural values independence and obedience on regional incomes : Econometric evidence.
In: Papers in Regional Science.
Bd. 98
(2019)
Heft 5
.
- S. 2047-2073.
ISSN 1435-5957
DOI: https://doi.org/10.1111/pirs.12442
Abstract
Employing sub‐national panel data for 1,204 regions from 1980 to 2010, we show that regional appreciation of the cultural value Independence has a positive and statistically significant association with regional per capita income, whereas the value Obedience exerts a negative effect. Our data allow us to exploit within country‐year variation by including country‐time fixed effects to mitigate issues of omitted variable bias which are usually present when analysing cross‐national data. A large array of robustness tests supports an effect of cultural values on regional per capita income. Interacting regional culture with national institutions reveals that stronger national institutions moderate the impact of the regional cultural values.