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Cultural diversity and international trade in cultural products

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posted on 28.03.2022, 19:08 by Sunny Yousun Shin
Whether free trade in cultural products 'serves' or 'erodes' cultural diversity has been widely discussed in the public arena, but within economics there has been relatively less research, despite the increasing influence of cultural trade on the economy. This thesis theoretically and empirically investigates how trade liberalisation in cultural products affects the degree of cultural diversity at both local and global levels, drawing upon the propositions from two sub-disciplines of economics : international trade and cultural economics. The thesis consists of three parts. In the first part, I examine various issues in defining the concept of cultural diversity and identify three types of cultural diveristy that are relevant in the context of international trade : the intra-national/local, inter-national and global cultural diversities. In the second part, I construct a bilateral model of cultural trade based on the standard 'new trade' theory framework with an additional assumption of cultural discounting behaviour of consumers and its asymmetry. The model proposes two effects, the home market effect and the hub effect, from which all three types of cultural diversities are at minimum if larger economies are also characterised by higher accessibility of their cultural contents. In the third part, I test the hypothesis by econometrically exploiting trade data for a particular cultural commodity, namely movies. There is not sufficient evidence found to reject the presence of the home market effect and the hub effect. In addition, I also find that the current decline of three cultural diversities exhibited in the international film industry is associated with the increasing cultural accessibility of the United States' films. The thesis concludes by discussing some implications of the results for cultural trade policy.


Table of Contents

1. Introduction -- 2. Definitional issues and direction of thesis : cultural diversity in the context of international trade -- 3. Theoretical background -- 4. A model of trade in cultural products -- 5. Data description and measurement of asymmetric cultural discount -- 6. Hypothesis testing and estimation results -- 7. Conclusions, policy implications and scope for future research.


Theoretical thesis. Bibliography: pages [114]-122

Awarding Institution

Macquarie University

Degree Type

Thesis PhD


PhD, Macquarie University, Faculty of Business and Economics, Department of Economics

Department, Centre or School

Department of Economics

Year of Award


Principal Supervisor

David Throsby

Additional Supervisor 1

Jordi McKenzie


Copyright Sunny Yousun Shin 2015. Copyright disclaimer: http://www.copyright.mq.edu.au




1 online resource (vii, 124 pages)

Former Identifiers

mq:45570 http://hdl.handle.net/1959.14/1078838