| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7423 |
| 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 |
| URL | https://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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