Cultural Diversity in Western Asia: Econometric Modeling of Trust and Ranking by Homogeneity
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Keywords

Institutional economics, Ethnicity, Language, Religion, Trust, Homogeneity, Rank, Regression.

How to Cite

Alhanaqtah, O. J. M. . (2018). Cultural Diversity in Western Asia: Econometric Modeling of Trust and Ranking by Homogeneity. Asian Journal of Economic Modelling, 6(2), 121–134. https://doi.org/10.18488/journal.8.2018.62.121.134

Abstract

The main objective of the research is to discover Western Asian countries in the dimensions of new institutional economics: ethnicity, language, religion and trust. The region significantly overlaps with the Middle East which is growing in population terms. It makes mentioned issues interesting for discussion. In order to evaluate a relationship between 'Ethnicity and Trust', "Language and Trust' and 'Religion and Trust' a correlation and regression analysis is conducted. The author also makes an attempt to determine the influence of these three independent variables on the dependent variable 'Trust'. Additionally, a new complex estimator, consisting of 'Ethnicity', "Language' and 'Religion' fragmentation indices, was created and computed. The complex estimator allows to evaluate cultural diversity of the region - homogeneity or heterogeneity - in terms of ethnicity, language and religion simultaneously, as well as to determine the most trustful societies. Business agents may base their investment-location decisions on the complex estimator as an additional informational criterion of risk reduction.

https://doi.org/10.18488/journal.8.2018.62.121.134
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