Product-based cultural change: Is the village global?

Article dans une revue: 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.

Auteur(s)

Nicolas Maystre, Olivier Jacques, Mathias Thoenig, Thierry Verdier

Revue
  • Journal of International Economics
Date de publication
  • 2014
Mots-clés JEL
F10 O10
Mots-clés
  • Homogenization
  • Persistence
  • Trade
  • Culture
Pages
  • 212–230
Version
  • 1
Volume
  • 92