The dimension of green economy: Culture viewpoint

Chien Chiang Lee, Chih Wei Wang, Shan Ju Ho

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

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.

Original languageEnglish
Pages (from-to)122-138
Number of pages17
JournalEconomic Analysis and Policy
Volume74
DOIs
StatePublished - Jun 2022

Keywords

  • Cross-country analysis
  • Financial development
  • Green economy
  • National culture
  • Regulation
  • Technology

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