Sjoerd Beugelsdijk

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Economists increasingly pay attention to social capital as an important determinant of macroeconomic growth performance. At the same time, there is discussion regarding the robustness of the results of empirical growth studies. In a seminal paper, Knack and Keefer (1997) assess the effect of trust on growth. This paper analyses the robustness of their(More)
This paper studies the intangible costs of international trade by extending the basic gravity equation with measures of cultural and institutional distance, and institutional quality. Analyzing a sample of bilateral trade flows between 92 countries in 1999, we find that institutional distance has a negative effect on bilateral trade, presumably because the(More)
Received: 18 March 2013 Revised: 19 April 2013 Accepted: 21 April 2013 Abstract Spurred by the classic work of Dunning, MNE location has become the focus of a growing body of research in the field. In this paper we argue that international business (IB) research examining the spatial dimension has serious weaknesses, stemming from its traditional assumption(More)
R&D is good for economic growth. There is now compelling evidence that R&D is in particular good for local economic growth, since knowledge spillovers tend to be bounded by distance. But how local is local? This paper studies the role of proximity in innovation in the Netherlands, a small country. We find that proximity does not promote industrial knowledge(More)
Economic development is linked with systematic changes in basic values, but cultural change is path dependent. This is known as Inglehart’s thesis. In this paper we build on his thesis and try to explain value differences across European regions. This is relevant as it fits in the ongoing discussion of a ‘Europe of the regions’. We find confirmation of(More)
We investigate how national cultural distance, defined as the extent to which the shared values and norms in one country differ from those in another, affect the number of Web site visits. Based on a sample of 2,654 U.S. households visiting Web sites in 38 countries over 25 different Web site categories, we find that cultural distance has a negative and(More)
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