We thank the Wharton Global Initiatives Research Program for funding. Fernando Ferreira thanks the Research Sponsor Program of the Zell/Lurie Real Estate Center at Wharton for financial support. Matthew Berg, David Katzianer, Nikhil Bhargava, Eun Young Choi and Alejandro Jerez provided tireless research assistance. All errors are our own.
Pop Internationalism: Has Half a Century of World Music Trade Displaced Local Culture?
Version of Record online: 2 JAN 2013
© 2013 The Author(s). The Economic Journal © 2013 Royal Economic Society
The Economic Journal
Volume 123, Issue 569, pages 634–664, June 2013
How to Cite
Ferreira, F. and Waldfogel, J. (2013), Pop Internationalism: Has Half a Century of World Music Trade Displaced Local Culture?. The Economic Journal, 123: 634–664. doi: 10.1111/ecoj.12003
- Issue online: 7 JUN 2013
- Version of Record online: 2 JAN 2013
- Accepted manuscript online: 18 SEP 2012 06:03AM EST
- Manuscript Accepted: 30 JUN 2012
- Manuscript Received: 7 DEC 2010
Advances in communication technologies have increased the availability of cultural goods across borders, raising concerns that cultural products from large economies will displace those in smaller economies. This article provides stylised facts about global music consumption and trade since 1960 using a unique data on popular music charts corresponding to over 98% of the global music market. Contrary to growing fears about large-country dominance, our gravity estimates show a substantial bias towards domestic music that has, perhaps surprisingly, increased in the past decade. Moreover, we find no evidence that new communications channels reduce the consumption of domestic music.