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National Cultural Dimensions and Economic Freedom in Ukraine: A Review

In: Innovative Business Development—A Global Perspective

Author

Listed:
  • Zoriana Matsuk

    (Ivano-Frankivsk National Technical University of Oil and Gas)

Abstract

The cultural dimension of nations is studied by many authors and many affirmations of its influence on the economy are found. The article involves actual evidence confirming the hypothesis that there is a connection between indicators of national cultural dimension (after Hofstede) and the indicators of economic freedom (after Heritage Foundation). Hence, analyses were performed for 18 indicators from 35 European countries: 6 indicators of national cultural dimension and 12 indicators of economic freedom. The study helped to build economic and mathematical models and to find out how much the national cultural dimension influences to the economic freedom of the country. Authors believe that using proposed hypothesis is useful. This review continues to exist as an open window for the upcoming investigations. In search of an answer to the question “How can culture influence on the economic freedom?” it is important to study deeper informal institutions of the country.

Suggested Citation

  • Zoriana Matsuk, 2018. "National Cultural Dimensions and Economic Freedom in Ukraine: A Review," Springer Proceedings in Business and Economics, in: Ramona Orăștean & Claudia Ogrean & Silvia Cristina Mărginean (ed.), Innovative Business Development—A Global Perspective, pages 157-172, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-01878-8_14
    DOI: 10.1007/978-3-030-01878-8_14
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