Risk, government and globalization
Subtitle: international survey evidence
By: Anna Maria Mayda, Kevin H. O'Rourke, Richard Sinnott.
Contributors: O'Rourke, Kevin H.; Sinnott, R.; National Bureau of Economic Research.
Series: NBER working paper series -- no. 13037.; Working paper series (National Bureau of Economic Research) -- working paper no. 13037.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 22
Subjects: Risk perception; Free trade -- Political aspects; Globalization -- Political aspects
Description: 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.
Notes: "April 2007"

Includes bibliographical references.

Also available in PDF from the NBER world wide web site (www.nber.org)..