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Dyadic value distance: Determinants and consequences

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  • Jaeggi, Adrian
  • Legge, Stefan
  • Schmid, Lukas

Abstract

This paper establishes a measure of bilateral differences in values using 857 questions from the World Values Survey. We explore the determinants of value distance, linking it to geography as well as the historical relatedness of populations across 90 countries. Furthermore, we assess the explanatory power of value differences for economic development and find a close association between bilateral value distances and differences in GDP per capita.

Suggested Citation

  • Jaeggi, Adrian & Legge, Stefan & Schmid, Lukas, 2018. "Dyadic value distance: Determinants and consequences," Economics Letters, Elsevier, vol. 165(C), pages 48-53.
  • Handle: RePEc:eee:ecolet:v:165:y:2018:i:c:p:48-53
    DOI: 10.1016/j.econlet.2018.01.022
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    References listed on IDEAS

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    Cited by:

    1. Korff, Alex & Steffen, Nico, 2019. "Economic preferences and trade outcomes," DICE Discussion Papers 321, University of Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).

    More about this item

    Keywords

    Dyadic value distance; Economic development; Genetic distance;

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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