Skip to Main content Skip to Navigation
Journal articles

Product-based cultural change: Is the village global?

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.
Document type :
Journal articles
Complete list of metadata

https://halshs.archives-ouvertes.fr/halshs-01109509
Contributor : Caroline Bauer Connect in order to contact the contributor
Submitted on : Monday, January 26, 2015 - 2:42:31 PM
Last modification on : Friday, April 29, 2022 - 10:13:02 AM

Identifiers

Citation

Nicolas Maystre, Olivier Jacques, Mathias Thoenig, Thierry Verdier. Product-based cultural change: Is the village global?. Journal of International Economics, Elsevier, 2014, 92 (2), pp.212-230. ⟨10.1016/j.jinteco.2013.10.005⟩. ⟨halshs-01109509⟩

Share

Metrics

Record views

254