Cultural barriers in international trade and the protection and promotion of culture

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3 Citations (Scopus)

Abstract

I present a model of international trade with cultural barriers and cultural learning. There are two countries that can produce a manufacturing good and cultural goods and can trade with each other. Due to cultural difference, consumers in a country have difficulty in appreciating cultural goods produced in the other country, which creates cultural barriers, and consumers can overcome these barriers by investing in cultural learning. I first study trade equilibrium given cultural barriers in the two countries, and then I analyze decisions on cultural learning under three different scenarios and compare them. Based on the analysis, I provide economic explanations for countries’ policies to protect and promote their own cultures at home and abroad.

Original languageEnglish
Pages (from-to)267-300
Number of pages34
JournalKorean Economic Review
Volume31
Issue number2
Publication statusPublished - 2015 Dec 1

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

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