Abstract
Purpose: The main goal of this paper is to analyze the effects of societal culture attributes on regional disparity. Design/methodology/approach: This paper uses cross-country data to identify the variables that determine the regional disparity and the gap between the richest and poorest regions in the economy. Findings: The most interesting result of this study is that there exists a significant role played by societal cultural differences in the explanation of the regional disparity and the gap between rich and poor regions. Originality/value: As far as we know, this paper makes the first attempt to explain inter-regional disparity according to culture attributes. We estimate that cultural variables add about 5 percent to the explanation of the variation of the indices of inequality between regions.
Original language | English |
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Pages (from-to) | 649-661 |
Number of pages | 13 |
Journal | International Journal of Social Economics |
Volume | 38 |
Issue number | 7 |
DOIs | |
State | Published - 1 Jun 2011 |
Keywords
- Culture (sociology)
- Economic disequilibrium
- Globe score
- Regional disparity
- Socio-economic regions
ASJC Scopus subject areas
- Economics and Econometrics
- General Social Sciences