With increasing sophistication, economists have been estimating gravity equations for five
decades. Robust evidence shows that borders and distance impede trade by much more …

Advances in communication technologies have increased the availability of cultural goods
across borders, raising concerns that cultural products from large economies will displace …

This paper presents a simple model where micro-founded dynamics of cultural identity are
endogenous and interact with an international trade equilibrium. This process generates a …

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 …

Audiovisual services such as music and movies in digital formats have gained substantial
importance over the last decade. This paper analyses audiovisual services in a gravity …

This chapter surveys the recent economic literature on the relationships between
globalization and cultural diversity. We first review the different channels through which …

Existing studies have demonstrated the necessities of formal institutions and negativity of
cultural distance in international investments. Surprisingly, China's exponential increase of …

Abstract Perceptions of Anglo-American dominance in movie and music trade motivate
restrictions on cultural trade. Yet, the market for another cultural good, food at restaurants, is …

This paper studies the effects of trade liberalization in the presence of consumption network
externalities. The framework is applicable to the choice of network products and sheds light …

Value of cultural goods varies across consumers with different backgrounds. Exchange of
cultural goods may lead to better mutual understand and trust, which helps mitigate the entry …