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Working Paper No. 183. The Eurovision Song Contest, Preferences and European Trade

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Ari Kokko, Eurovision Song Contest, Företagandets villkor, Gravity model, Internationell handel, Patrik Tingvall
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Abstract

Already Beckerman (1956) and Linder (1961) suggested that international trade is not determined by supply side factors alone – perceptions about foreign countries and country preferences matter. We explore the relation between exports, cultural distance, income differences and country preferences as revealed by voting in the European Song Contest. We conclude that preferences influence trade through several channels, and that results of the European Song Contest are a robust predictor of bilateral trade.

Kokko, A. & Gustavsson Tingvall, P. (2012). The Eurovision Song Contest, Preferences and European Trade. Ratio Working Paper No. 183.

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Working Paper No. 183. The Eurovision Song Contest, Preferences and European Trade
Working paperPublication
Kokko, A. & Gustavsson Tingvall, P.
Publication year

2012

Published in

Ratio Working Paper

Abstract

Already Beckerman (1956) and Linder (1961) suggested that international trade is not determined by supply side factors alone – perceptions about foreign countries and country preferences matter. We explore the relation between exports, cultural distance, income differences and country preferences as revealed by voting in the European Song Contest. We conclude that preferences influence trade through several channels, and that results of the European Song Contest are a robust predictor of bilateral trade.

Distance, Transaction Costs, and Preferences in European Trade
Article (with peer review)Publication
Kokko, A. & Gustavsson Tingvall, P.
Publication year

2014

Abstract

Beckerman (1956) and Linder (1961) have suggested that international trade is not determined by supply-side factors alone—perceptions about foreign countries and country preferences matter. We explore the relation between exports, cultural distance, and country preferences in Europe. The results show that several distance and preference-related variables, based on Hofstede’s cultural dimensions, income gaps, and voting patterns in the Eurovision Song Contest, are significantly related to bilateral trade. We conclude that cultural distance and preferences influence trade through several channels, both indirectly through transaction costs and more directly, as countries seem to prefer some trade partners before others.

Related content: Working Paper No. 183

Distance, Transaction Costs, and Preferences in European Trade
Artikel (med peer review)Publication
Kokko, A. & Gustavsson Tingvall, P.
Publication year

2014

Abstract

Beckerman (1956) and Linder (1961) have suggested that international trade is not determined by supply-side factors alone—perceptions about foreign countries and country preferences matter. We explore the relation between exports, cultural distance, and country preferences in Europe. The results show that several distance and preference-related variables, based on Hofstede’s cultural dimensions, income gaps, and voting patterns in the Eurovision Song Contest, are significantly related to bilateral trade. We conclude that cultural distance and preferences influence trade through several channels, both indirectly through transaction costs and more directly, as countries seem to prefer some trade partners before others.

Related content: Working Paper No. 183

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