dc.contributor.author | MAYSTRE, Nicolas | |
dc.contributor.author | OLIVIER, Jacques | |
dc.contributor.author | THOENIG, Mathias | |
dc.contributor.author | VERDIER, Thierry | |
dc.date.accessioned | 2016-07-07T08:35:07Z | |
dc.date.available | 2016-07-07T08:35:07Z | |
dc.date.issued | 2009 | |
dc.identifier.uri | https://hdl.handle.net/1814/42320 | |
dc.description.abstract | This paper makes three contributions to the growing literature on culture and economics. Using answers to the World Values Survey for a sample of 79 countries over the 1989-2004 period, we first provide evidence of cultural homogenization between countries. Second, we provide a model of product-based cultural change. Our main theoretical predictions are: (i) bilateral trade openness reduces bilateral cultural distance; (ii) the more differentiated the products, the more trade reduces cultural distance; (iii) trade openness has a lock-in effect on culture. Third, we test the model using an instrumental variable approach and including various time and country-pair fixed effects. We find that a one standard deviation increase in bilateral trade openness translates into a 43% standard deviation decrease in bilateral cultural distance. | |
dc.language.iso | en | |
dc.relation.ispartofseries | CEPR Discussion Paper | en |
dc.relation.ispartofseries | 2009/7438 | en |
dc.title | Product-based cultural change : is the village global? | |
dc.type | Working Paper | |
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