文化距离与双边贸易:转型经济视角

IF 4.8 Q1 BUSINESS Business Strategy and Development Pub Date : 2024-06-07 DOI:10.1002/bsd2.393
Fahmida Mostafiz, Mansura Akter, Mahfuzur Rahman
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引用次数: 0

摘要

文化差异是转型经济体与其贸易伙伴之间的重要贸易壁垒,但在最近的研究中却被忽视了。本文研究了文化距离(CD)对孟加拉国双边贸易的影响。我们以扩展引力模型为理论基础,构思了一个研究模型,根据 1995 年至 2019 年孟加拉国与 157 个贸易伙伴国的双边贸易数据和霍夫斯泰德文化指数,提出作为文化距离一部分的语言距离(LD)对双边贸易有深远影响,从而对该理论进行了扩充。利用伪泊松最大似然模型,我们发现文化距离对孟加拉国的贸易有显著的负面影响,显著性水平为 1%。我们的实证结果表明,文化距离每增加一个单位,贸易额就会减少 40.84%,而且文化距离对孟加拉国出口的影响大于对进口的影响。研究结果还显示,对高收入国家的影响大于对低收入国家的影响,对制造业产品贸易的影响大于对初级产品贸易的影响。此外,本研究还表明,除文化距离(CD)外,与贸易伙伴的语言距离(LD)对双边贸易也有同等影响,其显著性为 1%。从理论上讲,本研究建议在引力模型中加入语言距离(LD),以分析文化距离对双边和多边贸易的影响。在实践中,本研究为政策制定者提供了有价值的见解,帮助他们关注文化差异,尤其是在经济转型时期,以增加双边贸易。
本文章由计算机程序翻译,如有差异,请以英文原文为准。

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Cultural distance and bilateral trade: A transitional economy perspective

Cultural differences represent significant trade barriers between transitional economies and their trading partners, which has been overlooked in recent studies. This paper investigates the effect of cultural distance (CD) on bilateral trade from Bangladesh. We conceptualize a research model by employing the extended gravity model as a theoretical base, where we amplify the theory by proposing that linguistic distance (LD) as a part of cultural distance has a profound effect on bilateral trade based on bilateral trade data from 1995 to 2019 and Hofstede's culture indices between Bangladesh and 157 trading partner countries. Using a pseudo-poisson maximum likelihood model, we find that cultural distance has a significant and negative impact on Bangladesh's trade, with a significance level of 1%. Our empirical results indicate that one unit increase in cultural distance decreases trade by 40.84% and cultural distance has a greater impact on Bangladesh's exports than on its imports. Findings also reveal that the effect is substantial with high-income nations than with low-income nations, and for manufacturing products than primary products trade. Further, this study suggests that in addition to cultural distance (CD), linguistic distance (LD) from trading partners has a tantamount effect on bilateral trade, which is significant at 1%. Theoretically, this study suggests that linguistic distance (LD) should be added on gravity model for analyzing effects of cultural distance on bilateral and multilateral trade. Practically, this study contributes by providing valuable insights to policymakers to pay attention to cultural differences, especially during these economic transition periods to increase bilateral trade.

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来源期刊
Business Strategy and Development
Business Strategy and Development Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
5.80
自引率
6.70%
发文量
33
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