Risk, Government and Globalization: International Survey Evidence

31 Pages Posted: 18 Apr 2007

See all articles by Anna Maria Mayda

Anna Maria Mayda

Georgetown University - Department of Economics; IZA Institute of Labor Economics

Kevin H. O'Rourke

University of Dublin, Trinity College; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Richard Sinnott

University College Dublin (UCD) - Department of Politics

Multiple version iconThere are 3 versions of this paper

Date Written: April 2007

Abstract

This paper uses international survey data to document two stylized facts. First, risk aversion is associated with anti-trade attitudes. Second, this effect is smaller in countries with greater levels of government expenditure. The paper thus provides evidence for the microeconomic underpinnings of the argument associated with Ruggie (1982), Rodrik (1998) and others that government spending can bolster support for globalization by reducing the risk associated with it in the minds of voters.

Keywords: Trade attitudes, risk

JEL Classification: F13, F16

Suggested Citation

Mayda, Anna Maria and O'Rourke, Kevin H. and Sinnott, Richard, Risk, Government and Globalization: International Survey Evidence (April 2007). IIIS Discussion Paper No. 218, Available at SSRN: https://ssrn.com/abstract=980939 or http://dx.doi.org/10.2139/ssrn.980939

Anna Maria Mayda

Georgetown University - Department of Economics ( email )

Washington, DC 20057
United States

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Kevin H. O'Rourke (Contact Author)

University of Dublin, Trinity College ( email )

Department of Economics
Dublin 2
Ireland
+353 1 608 3594 (Phone)
+353 1 677 2503 (Fax)

HOME PAGE: http://econserv2.bess.tcd.ie/korourke/homepage.htm

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Richard Sinnott

University College Dublin (UCD) - Department of Politics ( email )

Belfield
Dublin 4
Ireland

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