The economic modeling of migration and consumption patterns in the English-speaking world
Recent literature suggests that there was a marked intensification of consumerism in the Anglophone world in the latter half of the nineteenth century, though little systematic empirical evidence of the phenomenon or its origins has to date been provided. This paper develops an economic model to red...
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Veröffentlicht in: | Economic modelling 2015-11, Vol.50, p.322-330 |
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Hauptverfasser: | , , |
Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | Recent literature suggests that there was a marked intensification of consumerism in the Anglophone world in the latter half of the nineteenth century, though little systematic empirical evidence of the phenomenon or its origins has to date been provided. This paper develops an economic model to redress this situation. Using a fixed-effects panel data model, it shows that the enduring racial ties, cultural affinity and sense of connectedness of British emigrants in Australasia, Canada and the US between 1879 and 1913, as evidenced by their remittance flows, were reflected in a strong preference for consuming British products.
•We model consumption patterns in the English-speaking world.•A panel data approach is adopted.•Remittance flows are taken as measures of cultural connectedness.•We show that cultural connectedness influence consumption choices. |
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ISSN: | 0264-9993 1873-6122 |
DOI: | 10.1016/j.econmod.2014.07.035 |