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This paper examines the effect of economic integration on the product-level consumption patterns across the OECD in the past decade. Estimation results find evidence of strong convergence in cross-country consumption patterns with substantial heterogeneity across products and countries. The...
Persistent link: https://www.econbiz.de/10005321716
The paper presents a model that analyzes the role of cultural differences in international trade. The decision to study foreign cultures and languages is incorporated into a simple trade model, which captures basic properties of cultural and language barriers. First, cultural costs differ from...
Persistent link: https://www.econbiz.de/10005695138