{"title":"North Meets Hofstede: Effects of Individualistic Culture on Property Rights","authors":"Hoyong Jung","doi":"10.1111/kykl.12470","DOIUrl":null,"url":null,"abstract":"<p>This study investigates the influence of individualistic culture on property rights protection using a dataset of 86 countries. Employing the instrumental variable estimation method, the study uncovers the causal relationship between culture and institutional dynamics, considering variations in historical pathogen prevalence, linguistic pronoun usage, and genetic distance between countries. The findings reveal that individualism has a positive and statistically significant impact on property rights. The results are robust even after controlling for variables associated with both individualism and property rights and when considering alternative dependent and independent variables. This paper effectively links two significant societal elements, namely, the cultural aspect highlighted by Geert Hofstede and the establishment of economic institutions emphasized by Douglass North.</p>","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":"78 3","pages":"1242-1258"},"PeriodicalIF":1.3000,"publicationDate":"2025-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/kykl.12470","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Kyklos","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/kykl.12470","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This study investigates the influence of individualistic culture on property rights protection using a dataset of 86 countries. Employing the instrumental variable estimation method, the study uncovers the causal relationship between culture and institutional dynamics, considering variations in historical pathogen prevalence, linguistic pronoun usage, and genetic distance between countries. The findings reveal that individualism has a positive and statistically significant impact on property rights. The results are robust even after controlling for variables associated with both individualism and property rights and when considering alternative dependent and independent variables. This paper effectively links two significant societal elements, namely, the cultural aspect highlighted by Geert Hofstede and the establishment of economic institutions emphasized by Douglass North.
期刊介绍：
KYKLOS views economics as a social science and as such favours contributions dealing with issues relevant to contemporary society, as well as economic policy applications. Since its inception nearly 60 years ago, KYKLOS has earned a worldwide reputation for publishing a broad range of articles from international scholars on real world issues. KYKLOS encourages unorthodox, original approaches to topical economic and social issues with a multinational application, and promises to give fresh insights into topics of worldwide interest
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