rican Soft Power a Casualty of the Trade War? Evidence from the US Movie Viewership in China
Speaker:TANG Lixin(Associate Professor, Institute of Economics and Society, Jinan University)
Host:SHEN Guangjun, Associate Professor, Lingnan College
Time and Date:14:30-17:00, Mar. 11, 2022
Venue: Room 902, MBA building
Language: English +Chinese
Abstract:
The US trade war against China in 2018--2019 can either enhance or diminish the US soft power in China, depending on whether it is recognized as legitimate by Chinese citizens. We study how the viewership of US movies—an important element of the US soft power—is affected by the trade war, utilizing variations across Chinese cities in the exposure to the Trump tariffs. We find a significant reduction in US movie revenue in regions more exposed to the Trump tariffs, but no corresponding reduction in the consumption of non-US movies. This is corroborated by a decline in online search for US movies, US tourist destinations, and US branded sports shoes. The aversion to US movies appears to persist at least to 2021. The effect is somewhat milder for more affluent people..
Profile of the speaker:
Jinan University Economic and Social Research Dean-appointed associate professor. His research interests are international trade, macroeconomics and development. He has published many papers in authoritative English journals such as Journal of Development Economics, Journal of Economic Behavior & Organization, Journal of Human Resources, Journal of International Economics, Review of Economic Dynamics, etc. He presides over National Natural Science A fund.