Evaluation of the Cultural Proximity Factors Impact on the Mutual Trade Efficiency of the Countries within Eurasian Economic Integration
- DOI
- 10.2991/aebmr.k.200509.061How to use a DOI?
- Keywords
- regional economic integration, integration processes, mutual trade, the EAEU, cultural factors, cross-cultural interaction, gravity model, cultural proximity of countries, cultural distance
- Abstract
The purpose of this scientific paper is to assess the national cultures proximity impact on the effectiveness of regional economic integration in the Eurasian Economic Union (EAEU). To assess the cultural proximity (distance) of the countries, the criteria developed by Hofstede were used and the cultural proximity (distance) of each country in the EAEU was calculated using the formulas developed by Kogut and Singh, which made it possible to assess the cultural proximity of the EAEU countries. The article also assesses the impact of cultural proximity (distance) on the effectiveness of mutual trade between the countries of Eurasian integration using the trade gravity model. Calculations showed that the cultural proximity of the countries of integration does not significantly affect the mutual trade of the EAEU countries. However, the commonality of the language used in the country is the only cultural factor, the presence of which in a pair of trading countries increases trade.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Veronika Vyazovskaya AU - Irina Savelyeva AU - Oksana Falchenko AU - Maria Chaikina PY - 2020 DA - 2020/05/12 TI - Evaluation of the Cultural Proximity Factors Impact on the Mutual Trade Efficiency of the Countries within Eurasian Economic Integration BT - Proceedings of the International Conference on Economics, Management and Technologies 2020 (ICEMT 2020) PB - Atlantis Press SP - 344 EP - 350 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200509.061 DO - 10.2991/aebmr.k.200509.061 ID - Vyazovskaya2020 ER -