G2TT
来源类型Discussion paper
规范类型论文
来源IDDP7423
DP7423 Measuring the Impact of Fiscal Policy in the Face of Anticipation: A Structural VAR Approach
Morten Ravn; Karel Mertens
发表日期2009-08-23
出版年2009
语种英语
摘要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.
主题International Macroeconomics ; International Trade and Regional Economics
关键词Culture Homogenization Persistence Trade
URLhttps://cepr.org/publications/dp7423
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/536260
推荐引用方式
GB/T 7714
Morten Ravn,Karel Mertens. DP7423 Measuring the Impact of Fiscal Policy in the Face of Anticipation: A Structural VAR Approach. 2009.
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