International trade, factor mobility and the persistence of cultural-institutional diversity:
Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of endogen...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
München
CESifo
2009
|
| Schriftenreihe: | CESifo working paper
2762 : Category 8, Trade policy |
| Schlagworte: | |
| Online-Zugang: | Volltext Volltext |
| Zusammenfassung: | Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of endogenous preferences and institutions under autarchy, trade and factor mobility in which multiple asymptotically stable cultural-institutional conventions may exist, among which transitions may occur as a result of decentralized and un-coordinated actions of employers or employees. We show that: i) specialization and trade may arise and enhance welfare even when the countries are identical other than their cultural-institutional equilibria; ii) trade liberalization does not lead to convergence, it reinforces the cultural-institutional differences upon which comparative advantage is based and may thus impede even Pareto-improving cultural-institutional transitions; and iii) by contrast, greater mobility of factors of production favors decentralized transitions to a superior cultural-institutional convention by reducing the minimum number of cultural or institutional innovators necessary to induce a transition. -- institutions ; incomplete contracts ; evolutionary game theory ; culture ; trade integration ; factor mobility ; globalization |
| Beschreibung: | 39 S. graph. Darst. |
Internformat
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| indexdate | 2024-07-09T22:05:15Z |
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| spelling | Belloc, Marianna Verfasser (DE-588)136023304 aut International trade, factor mobility and the persistence of cultural-institutional diversity Marianna Belloc ; Samuel Bowles München CESifo 2009 39 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier CESifo working paper 2762 : Category 8, Trade policy Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of endogenous preferences and institutions under autarchy, trade and factor mobility in which multiple asymptotically stable cultural-institutional conventions may exist, among which transitions may occur as a result of decentralized and un-coordinated actions of employers or employees. We show that: i) specialization and trade may arise and enhance welfare even when the countries are identical other than their cultural-institutional equilibria; ii) trade liberalization does not lead to convergence, it reinforces the cultural-institutional differences upon which comparative advantage is based and may thus impede even Pareto-improving cultural-institutional transitions; and iii) by contrast, greater mobility of factors of production favors decentralized transitions to a superior cultural-institutional convention by reducing the minimum number of cultural or institutional innovators necessary to induce a transition. -- institutions ; incomplete contracts ; evolutionary game theory ; culture ; trade integration ; factor mobility ; globalization Globalisierung (DE-588)4557997-0 gnd rswk-swf Welthandel (DE-588)4065365-1 gnd rswk-swf Organisation (DE-588)4043774-7 gnd rswk-swf Organisation (DE-588)4043774-7 s Welthandel (DE-588)4065365-1 s Globalisierung (DE-588)4557997-0 s DE-604 Bowles, Samuel 1936- Verfasser (DE-588)120898241 aut Erscheint auch als Online-Ausgabe CESifo working paper 2762 : Category 8, Trade policy (DE-604)BV013978326 2762 application/pdf http://www.cesifo-group.de/DocCIDL/cesifo1_wp2762.pdf Verlag kostenfrei Volltext https://www.cesifo.org/en/publikationen/2009/working-paper/international-trade-factor-mobility-and-persistence-cultural Verlag kostenfrei Volltext |
| spellingShingle | Belloc, Marianna Bowles, Samuel 1936- International trade, factor mobility and the persistence of cultural-institutional diversity CESifo working paper Globalisierung (DE-588)4557997-0 gnd Welthandel (DE-588)4065365-1 gnd Organisation (DE-588)4043774-7 gnd |
| subject_GND | (DE-588)4557997-0 (DE-588)4065365-1 (DE-588)4043774-7 |
| title | International trade, factor mobility and the persistence of cultural-institutional diversity |
| title_auth | International trade, factor mobility and the persistence of cultural-institutional diversity |
| title_exact_search | International trade, factor mobility and the persistence of cultural-institutional diversity |
| title_full | International trade, factor mobility and the persistence of cultural-institutional diversity Marianna Belloc ; Samuel Bowles |
| title_fullStr | International trade, factor mobility and the persistence of cultural-institutional diversity Marianna Belloc ; Samuel Bowles |
| title_full_unstemmed | International trade, factor mobility and the persistence of cultural-institutional diversity Marianna Belloc ; Samuel Bowles |
| title_short | International trade, factor mobility and the persistence of cultural-institutional diversity |
| title_sort | international trade factor mobility and the persistence of cultural institutional diversity |
| topic | Globalisierung (DE-588)4557997-0 gnd Welthandel (DE-588)4065365-1 gnd Organisation (DE-588)4043774-7 gnd |
| topic_facet | Globalisierung Welthandel Organisation |
| url | http://www.cesifo-group.de/DocCIDL/cesifo1_wp2762.pdf https://www.cesifo.org/en/publikationen/2009/working-paper/international-trade-factor-mobility-and-persistence-cultural |
| volume_link | (DE-604)BV013978326 |
| work_keys_str_mv | AT bellocmarianna internationaltradefactormobilityandthepersistenceofculturalinstitutionaldiversity AT bowlessamuel internationaltradefactormobilityandthepersistenceofculturalinstitutionaldiversity |