The dimension of green economy: Culture viewpoint

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. (C) 2022 Economic Society of Australia, Queensland. Published by Elsevier B.V. All rights reserved.

Automated summary

This research found that national culture has a significant impact on the green economy, with individualism, uncertainty avoidance, and long-term orientation positively influencing it, while power distance, masculinity, and indulgence have a negative impact. Additionally, the level of economic and financial development also affects the relationship between national culture and the green economy.