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Product-based cultural change: Is the village global?

Nicolas Maystre, Jacques Olivier, Mathias Thoenig () and Thierry Verdier ()

Journal of International Economics, 2014, vol. 92, issue 2, 212-230

Abstract: 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.

Keywords: Culture; Trade; Persistence; Homogenization (search for similar items in EconPapers)
JEL-codes: F10 O10 Z1 (search for similar items in EconPapers)
Date: 2014
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Working Paper: Product-based cultural change: Is the village global? (2014)
Working Paper: Product-based cultural change: Is the village global? (2014)
Working Paper: Product-Based Cultural Change: Is the Village Global? (2009) Downloads
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