nep-cul New Economics Papers
on Cultural Economics
Issue of 2018‒07‒30
two papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. Art, Music and Science: Economics of Inter-Stellar Travel By Mamoon, Dawood
  2. The effect of culture on trade over time: New evidence from the GLOBE data set By Frank, Jonas

  1. By: Mamoon, Dawood
    Abstract: The paper suggests that human aesthetics precedes technical and technological progress to make up an economic plan to facilitate the provisions of science affordable to consumers universally without discriminating between varying demographic, cultural, religious and economic orientations.
    Keywords: Economics of Technology, Innovation Design, Anthropology
    JEL: O31 O33 Z11 Z13
    Date: 2018–07–01
  2. By: Frank, Jonas
    Abstract: In this essay I use the GLOBE research study by House et al. (2013) as a proxy for measuring cultural distance. Unlike other studies, GLOBE introduces nine cultural dimensions and focuses exclusively on managers, allowing for a distinct glimpse into the values of people actually making trade decisions. I make use of a state-of-the-art PPML approach using data on international trade flows together with intra-national trade flows (Yotov, 2012) and a comprehensive set of fixed effects to consistently estimate a gravity equation using a panel from 1995 to 2004. I distinguish between different industries by following the goods classification introduced by Rauch (1999). The results show that cultural differences indeed effect trade values differently over time, but their size and impact depends on the chosen measure of cultural distance and on the industry classification.
    Keywords: Cultural Distance,International Trade,Panel Gravity Model,PPML
    JEL: F14 M14
    Date: 2018

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