Tinbergen Institute Discussion Paper, No.05-074/3, 2005. Linders G., Slangen A., Groot H., Beugelsdijk S.Cultural and Institutional Determinants of Bilateral Trade Flows.
Zhou M.Intensification of Geo-cultural Homophily in Global Trade:Evidence from the Gravity Model. Native Language, Spoken Language, Translation and Trade. Hellmanzik C., Schmitz M.Virtual Proximity and Audiovisual Services Trade. Guiso L., Sapienza P., Zingales L.Cultural Biases in Economic Exchange. The Making of a Construct:Lessons from 30 Years of the Kogut and Singh Cultural Distance Index. The research findings of this paper will help to understand the impact of cultural approximation on international trade and its boundary conditions, then providing effective policy recommendations for the continuous and in-depth implementation of the “Belt and Road”initiative from a cultural perspective. The positive regional institutional environment created by the“Belt and Road”initiative will strengthen the promotion of cultural proximity to the bilateral trade of countries along the“Belt and Road”route however, the cultural division of importing countries will weaken the promotion effect of cultural proximity on the bilateral trade of countries along the“Belt and Road”route. The findings show that because cultural approximation reduces the uncertainty of bilateral trade, the higher the degree of cultural approximation among the countries along the“Belt and Road”route, the greater the bilateral trade volume will be. Based on a multi-level modeling method, this paper makes use of the 2008-2017 bilateral six-quantile product trade data of the countries along the“Belt and Road”route to study the impact of cultural approximation on the bilateral trade of the countries along the“Belt and Road”route and the boundary effect between the “Belt and Road” initiative and the culture division of the importing countries.
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