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on Cultural Economics |
| By: | Popovic, Milenko |
| Abstract: | In this paper two dynamic models of artist behavior and arts labor supply are developed. Both are based on household production function approach and on the assumption that artists are multiple-job-holders. In the first model proposed here artist is depicted as someone who is hired on the arts labor market and paid for her arts time. In the second model artist is described as someone who sell her products, like paintings for instance, on the market for arts products. In order to make these models dynamic, artist productivity is here supposed to be a function of accumulated human capital of artist. Following the results of existing empirical research, previous experience and previous artistic practice are supposed to be the most important form of human capital accumulation. Once analysis is expended to capture this kind of artist human capital accumulation, the supply of the labor in the arts market appears as a resulting from an inter-temporal process of resources allocation. Both models end with same result: shadow price of producing unit of art commodity in certain year should be equal to the sum of current monetary benefits, current nonmonetary benefits, stream of future monetary benefits, and stream of future nonmonetary benefits generated by production of respected art unit. This result appears to be pretty suitable for formalization of several existing hypotheses aimed at explaining arts labor market peculiarities. Especially, by referring to the stream of expected nonmonetary benefits, models developed here are able to formalize most promising among these hypothesis according to which artist need for self-actualization is driving force in explaining oversupply of arts labor. |
| Keywords: | arts; household production function; allocation of time; expected benefits |
| JEL: | J31 J22 J24 Z11 |
| Date: | 2009–09–02 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:17108&r=cul |
| By: | Arezki, Rabah; Cherif, Reda; Piotrowski, John |
| Abstract: | The present paper investigates whether tourism specialization is a viable strategy for development. We estimate standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques for a large cross-section of countries for the period 1980–2002. We introduce an instrument for tourism based on the UNESCO World Heritage List. We find that there is a positive relationship between the extent of tourism specialization and economic growth. An increase of one standard deviation in the share of tourism in exports leads to about 0.5 percentage point in additional annual growth, everything else being constant. Our result holds against a large array of robustness checks. |
| Keywords: | Tourism; economic development and growth and instrumental variables |
| JEL: | O11 O41 C82 C21 |
| Date: | 2009–08 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:17132&r=cul |
| By: | David Ivan Fleischer (International Policy Centre for Inclusive Growth) |
| Abstract: | Conservation projects alter local productive modes and have an impact on livelihoods. For example, sea turtle conservation projects affect fishing communities through hunting restrictions. It is not painless for communities to improve fishing technology in order to prevent the accidental capture of sea turtles. The inability to adapt to environmental requirements forces fishermen to abandon traditional livelihoods. A combination of environmental conservation and ecotourism development can provide the solution. (...) |
| Keywords: | Conservation and Ecotourism in Brazil and Mexico: The Development Impact |
| Date: | 2009–09 |
| URL: | http://d.repec.org/n?u=RePEc:ipc:opager:94&r=cul |
| By: | Jellal, Mohamed |
| Abstract: | We integrate a social norm which associates status to accumulation of capital and consumption into a simple model of endogenous growth. We show that societies which place a greater weight of cultural values on stock of accumulated capital as opposed to consumption will experience fast growth. Our results are consistent with those obtained by Baumol (1990) in the context of entrepreneurship and by Fershtman and Weiss (1991). |
| Keywords: | Entrepreneurship;Culture Values;Social Status;Growth |
| JEL: | O1 A13 Z13 |
| Date: | 2009–09–03 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:17137&r=cul |