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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.
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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⟩



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