nep-cul New Economics Papers
on Cultural Economics
Issue of 2011‒06‒11
six papers chosen by
Roberto Zanola
University Amedeo Avogadro

  1. How Much Diverse Is The World Heritage List? By Santagata Walter; Saccone Donatella
  2. The arts and cultural sector faces ‘apocalyptic’ cuts in austere Britain. But new ways of looking at economic value can help to make the case for culture. By O'Brien, Dave
  3. Hierarchical structure in phonographic market By Andrzej Buda
  4. A microeconometric analysis of album sales success in the Polish music market By Mateusz Mysliwski
  5. The cultural models in international business research: A bibliometric study of IB journals By Nuno Rosa Reis; Manuel Portugal Ferreira; João Carvalho Santos
  6. Who trusts Berlusconi? An econometric analysis of the role of television in the political arena By Fabio Sabatini

  1. By: Santagata Walter; Saccone Donatella (University of Turin)
    Abstract: In 2005 UNESCO launched the Convention on the Protection and Promotion of the Diversity of Cultural Expressions. The aim of the Convention was to foster cultural diversity worldwide, having knowledge of the role of cultural diversity and cultural activities in promoting economic development. The World Heritage List can be considered a basic reference for the protection of cultural diversity as well. This requires that the properties in the List fairly represent the main expressions of the human activity, according to a harmonious development respectful of cultural diversity. The aim of the paper is twofold. First, by using the Shannon-Weaver’s index of diversity, we measure how much cultural diversity there has been in the World Heritage List since its beginning in 1978. In other words, we assess at which extent each culture is represented in the most important international system of cultural preservation and promotion. Second, we estimate the number of sites which guarantees the maximum level of cultural diversity and, then, we propose how to improve the World Heritage system by increasing the quality of the properties. Results show that just after the first two years of activity, the cultural diversity attained a good level and kept this level high until now. Notwithstanding this general conclusion, we estimate that there is room for a further improvement in the diversity by increasing the number of sites filling the cultural categories not still represented. It will result in 371 additional sites. Once attained the number of sites which guarantees the maximum of cultural diversity, the main policy left is to improve the World Heritage system by increasing the quality of the properties. The tool we select to launch this new strategy is a tournament model, according to which each property can be challenged by an external site belonging to the same cultural category. As a final result, there will be the substitution of lower-quality World Heritage properties with higher-quality properties. The model also takes into account risks related to political and lobby activities undermining the whole quality of the system and is used as a base to propose solutions.
    Date: 2011–04
  2. By: O'Brien, Dave
    Abstract: In the government’s programme of cuts it has become clear that the arts may well be hit the hardest. While historically it has been hard to pin down an ‘economic value’ on art, Dave O’Brien argues that the sector should learn from the green movement in applying an economic valuation based-approach, which may help the sector to make a better case for culture in a time of austerity.
    Date: 2011–01–31
  3. By: Andrzej Buda
    Abstract: I find a topological arrangement of assets traded in a phonographic market which has associated a meaningful economic taxonomy. I continue using the Minimal Spanning Tree and the Life-time Of Correlations between assets, but now outside the stock markets. This is the first attempt to use these methods on phonographic market where we have artists instead of stocks. The value of an artist is defined by record sales. The graph is obtained starting from the matrix of correlations coefficient computed between the world's most popular 30 artists by considering the synchronous time evolution of the difference of the logarithm of weekly record sales. This method provides the hierarchical structure of phonographic market and information on which music genre is meaningful according to customers.
    Date: 2011–05
  4. By: Mateusz Mysliwski (Warsaw School of Economics)
    Abstract: The aim of this paper is twofold. Firstly, we attempt to investigate the challenges for the constantly changing music industry on the ex- ample of Poland, positing a conclusion that both artists and lables could prot from a precisely determined set of factors in uencing the ultimate sales success. On the other hand, the article intends to ll the gap between record industry analyses an econometric literature, as in the course of research, we found that the use of quantitative methods is rarely encountered in such analyses. The study uses a self-compiled dataset, containing information on 619 albums, which appeared on the Ocial Sales Chart (OLiS) between 2008 and 2009. We propose three models for dierent quantitative variables and summarize the obtained results, stating that the use of microeconometric methods in this area of research seems promising.
    Keywords: music industry, discrete choice models, partial proportional odds model
    JEL: C25 C51 C52 L82
    Date: 2011–05–30
  5. By: Nuno Rosa Reis (Instituto Politécnico de Leiria); Manuel Portugal Ferreira (Instituto Politécnico de Leiria); João Carvalho Santos (Instituto Politécnico de Leiria)
    Abstract: Culture has been a widely researched topic in the International Business (IB) literature over the last decades. To better understand what culture actually means and its implication in firms? IB operations, several cultural models and taxonomies have been put forward. In this paper we seek to scrutinize the use of three well known cultural models - Hall?s (1976), Hofstede?s (1980a) and Trompenaars & Hampden-Turner?s (1993) - in the extant research. Using bibliometric techniques of the papers published in the top ranked IB journals, we performed a citation and co-citation analysis to find out the most influential model and to examine the possible linkages between models and to the issues being researched. We conclude that Hofstede?s (1980a) taxonomy is the most cited and his taxonomy has strong linkages to several streams of research. Nonetheless, we also find that there are noticeable differences on how research in different journals make use of the cultural models, probably reflecting not surprising disciplinary emphases.
    Keywords: Cultural models, Hofstede, Trompenaars, Hall, bibliometric study
    JEL: M0 M1
    Date: 2011–06–01
  6. By: Fabio Sabatini
    Abstract: This paper contributes to the literature by carrying out the first econometric investigation into the role of television in the formation of political consensus in Italy. Based on probit and instrumental variables estimates, we find trust in television to be the most significant predictor of trust in the Italian prime minister. The latter is also strongly and negatively correlated with trust in the judicial system and tolerance towards immigrants.
    Keywords: Trust; institutions; democracy; television; media; social capital; Italy; instrumental variables.
    JEL: D72 D83 H8 L82 Z1 Z13
    Date: 2011–05–08

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