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The dimension of green economy: Culture viewpoint

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  • Lee, Chien-Chiang
  • Wang, Chih-Wei
  • Ho, Shan-Ju

Abstract

This research examines the impact of Hofstede’s six cultural dimensions on 122 countries’ green economy and finds strong evidence that individualism, uncertainty avoidance, and long-term orientation positively influences this special economy. By contrast, power distance, masculinity, and indulgence have negative and robust impact on all measures of a green economy. Legislating environmental regulations or focusing on green technologies can be harmful for a green economy in countries with high levels of individualism, power distance, and indulgence. In more masculine countries, green economies can be promoted through technology rather than regulation. Finally, we note that the level of economic and financial development influences the relationship between national culture and the green economy. The empirical evidence offers implications for governments, policy makers, and future researchers.

Suggested Citation

  • Lee, Chien-Chiang & Wang, Chih-Wei & Ho, Shan-Ju, 2022. "The dimension of green economy: Culture viewpoint," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 122-138.
  • Handle: RePEc:eee:ecanpo:v:74:y:2022:i:c:p:122-138
    DOI: 10.1016/j.eap.2022.01.015
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    Keywords

    Cross-country analysis; National culture; Green economy; Technology; Regulation; Financial development;
    All these keywords.

    JEL classification:

    • Z10 - Other Special Topics - - Cultural Economics - - - General
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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