University of Pennsylvania ScholarlyCommons Real Estate Papers Wharton Faculty Research 6-2013 Pop Internationalism: Has Half a Century of World Music Trade Displaced Local Culture? Fernando V. Ferreira University of Pennsylvania Joel Waldfogel University of Pennsylvania Follow this and additional works at: https://repository.upenn.edu/real-estate_papers Part of the International and Intercultural Communication Commons, Music Commons, Other Communication Commons, and the Other Languages, Societies, and Cultures Commons Recommended Citation Ferreira, F. V., & Waldfogel, J. (2013). Pop Internationalism: Has Half a Century of World Music Trade Displaced Local Culture?. The Economic Journal, 123 (569), 634-664. http://dx.doi.org/DOI: 10.1111/ ecoj.12003 This paper is posted at ScholarlyCommons. https://repository.upenn.edu/real-estate_papers/37 For more information, please contact
[email protected]. Pop Internationalism: Has Half a Century of World Music Trade Displaced Local Culture? Abstract 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,