{"title":"The influence of societal nationalist sentiment on trade flows","authors":"Douglas Dow, Ilya R. P. Cuypers","doi":"10.1057/s42214-023-00168-x","DOIUrl":null,"url":null,"abstract":"Abstract In recent years, the world has witnessed a backlash against globalization and a rise in populist and nationalist movements around the world. However, there appears to be little empirical research concerning how these movements, and especially nationalist sentiment, actually influence trade. Therefore, we explore how and when nationalist sentiment within a country influences trade. Our results indicate that the effect of nationalist sentiment on imports is mediated by lower participation in free trade agreements (FTAs) but not via tariffs. Furthermore, we are unable to confirm support for a direct effect of nationalist sentiment on imports, as predicted by the consumer ethnocentricity literature. However, we do find a strong and negative impact of nationalist sentiment on exports. It would appear that nationalist sentiments tend to blunt the desire to export. Psychic distance between the countries appears to magnify the effects of nationalist sentiment on tariffs and FTAs, but not the direct effects on trade. Finally, we also find that custom union membership, such as the EU, negates the effect of nationalist sentiment on tariffs but this cannot be confirmed for FTAs. Overall, our model enriches our understanding of how nationalist sentiment in society affects trade and offers guidance to policymakers.","PeriodicalId":29962,"journal":{"name":"Journal of International Business Policy","volume":null,"pages":null},"PeriodicalIF":5.9000,"publicationDate":"2023-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of International Business Policy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1057/s42214-023-00168-x","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
Abstract In recent years, the world has witnessed a backlash against globalization and a rise in populist and nationalist movements around the world. However, there appears to be little empirical research concerning how these movements, and especially nationalist sentiment, actually influence trade. Therefore, we explore how and when nationalist sentiment within a country influences trade. Our results indicate that the effect of nationalist sentiment on imports is mediated by lower participation in free trade agreements (FTAs) but not via tariffs. Furthermore, we are unable to confirm support for a direct effect of nationalist sentiment on imports, as predicted by the consumer ethnocentricity literature. However, we do find a strong and negative impact of nationalist sentiment on exports. It would appear that nationalist sentiments tend to blunt the desire to export. Psychic distance between the countries appears to magnify the effects of nationalist sentiment on tariffs and FTAs, but not the direct effects on trade. Finally, we also find that custom union membership, such as the EU, negates the effect of nationalist sentiment on tariffs but this cannot be confirmed for FTAs. Overall, our model enriches our understanding of how nationalist sentiment in society affects trade and offers guidance to policymakers.
期刊介绍:
The Journal of International Business Policy (JIBP) is a scholarly publication that aims to be the world's leading platform for research on international business policy. It seeks to showcase the best work from scholars in the field of international business and related disciplines. Additionally, the journal provides policy professionals with valuable insights for developing impactful policies.
JIBP is the official publication of the Academy of International Business (AIB), a renowned community of scholars in international business. The journal holds a prestigious status and is currently abstracted and indexed in various databases and platforms, including CNKI, Dimensions, EBSCO Discovery Service, Emerging Sources Citation Index, Google Scholar, Institute of Scientific and Technical Information of China, Naver, Norwegian Register for Scientific Journals and Series, OCLC WorldCat Discovery Service, ProQuest-ExLibris Primo, ProQuest-ExLibris Summon, Research Papers in Economics (RePEc), SCOPUS, and TD Net Discovery Service.