Product-based cultural change: Is the village global?
We provide a model of product-based cultural change where trade integration leads to cultural convergence. A standard trade model of Dixit–Stiglitz monopolistic competition is coupled with a micro-founded model of cultural dynamics. We show that access to varieties that are attached to a global cult...
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| Veröffentlicht in: | Journal of international economics 2014-03, Vol.92 (2), p.212-230 |
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| container_end_page | 230 |
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| container_issue | 2 |
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| container_title | Journal of international economics |
| container_volume | 92 |
| creator | Maystre, Nicolas Olivier, Jacques Thoenig, Mathias Verdier, Thierry |
| description | We provide a model of product-based cultural change where trade integration leads to cultural convergence. A standard trade model of Dixit–Stiglitz monopolistic competition is coupled with a micro-founded model of cultural dynamics. We show that access to varieties that are attached to a global cultural type changes the incentives of parents to socialize their children and transmit their type. The resulting increase in agents of the global cultural type leads to a magnification of the initial shock. A striking feature of the model is that even temporary shocks to openness may have permanent effects through the changing distribution of preferences in the economy. |
| doi_str_mv | 10.1016/j.jinteco.2013.10.005 |
| format | Article |
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| ispartof | Journal of international economics, 2014-03, Vol.92 (2), p.212-230 |
| issn | 0022-1996 1873-0353 |
| language | eng |
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| source | Access via ScienceDirect (Elsevier) |
| subjects | Cultural change Culture Economic models Economics and Finance Homogenization Humanities and Social Sciences International trade Monopolistic competition Persistence Socialization Studies Trade |
| title | Product-based cultural change: Is the village global? |
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