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on Cultural Economics |
| By: | Victoria Ateca-Amestoy (University of the Basque Country) |
| Keywords: | cultural economics, demand, cultural heritage, participation in the arts, SPPA2008 |
| JEL: | Z11 D12 |
| Date: | 2011–11–18 |
| URL: | http://d.repec.org/n?u=RePEc:ehu:dfaeii:201106&r=cul |
| By: | Krause, Annabelle (IZA) |
| Abstract: | Happiness drops when individuals become unemployed. The negative impact of the unemployment shock, however, may differ by cultural background. To test the hypothesis of a 'Teutonic work ethic', this paper takes advantage of Switzerland in its cultural diversity. By comparing different cultural groups in the same institutional setting, I empirically test whether such deep psychological traits have an influence on how unemployment is perceived. It is found that unemployment has a significantly negative effect on life satisfaction in Switzerland. I furthermore present evidence which confirms to some extent the hypothesis that Swiss German individuals suffer more from unemployment, although for the most part, these results are without statistical significance. Swiss Germans are additionally found to be happier than their French-speaking compatriots – independent of whether they are unemployed. This difference between Romanic and Germanic cultural backgrounds is in line with previous findings, but deserves further research attention. |
| Keywords: | life satisfaction, unemployment, cultural differences, Switzerland |
| JEL: | J28 J60 Z1 |
| Date: | 2011–11 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp6101&r=cul |
| By: | Géraldine David; Kim Oosterlinck |
| Abstract: | During World War II, the art market experienced a massive boom in occupied countries. The discretion, the inflation proof character, the absence of market intervention and the possibility to resell artworks abroad have been suggested to explain why investing in artworks was one of the most interesting opportunities under the German boot. On basis of an original database of close to 4000 artworks sold between 1944 and 1951 at Giroux, one of the most important Art Gallery in Brussels, this paper analyzes, the price movements on the Belgian art market following the liberation. Market reactions following the war are used to understand which motivations played the most important role in investors’ decisions. Prices on the art market experienced a massive drop. This huge price decline is attributed to two elements: fear of prosecution for war profits and the monetary reforms set into place in October 1944. |
| Keywords: | Art market; Art Investment; WWII; Belgium; Post-war; Monetary reforms |
| JEL: | N14 N44 Z11 |
| Date: | 2011–11 |
| URL: | http://d.repec.org/n?u=RePEc:sol:wpaper:2013/103479&r=cul |
| By: | Elisabete Tomaz; Catarina Selada; Inês Vilhena da Cunha |
| Abstract: | During the last decades, creative and cultural approaches have been implemented in regional and urban development strategies as key drivers for competitiveness and growth. However, research literature tends to focus mainly in big cities and metropolis, not recognizing the potential of small cities in intermediate and rural regions in fostering territorial cohesion. Nevertheless, public policies based on creativity and innovation are being experienced in non-metropolitan and rural contexts around Europe, Canada and USA focused on economic revitalisation, urban regeneration and reversing de-population trends. These approaches are mainly based on historic precedents (‘path dependency’), in the exploitation of distinctive local attributes and assets regarding culture, environment, lifestyle and quality of life, besides specific investments in infrastructures or support programmes (such as incubators, live-work houses, and specific financing systems), which intend to induce the attraction of talent and the development of creative businesses. The main aim of this investigation is to examine the recent approaches to cultural and creative economy that are being implemented by small and medium-sized cities in Europe that still remain largely unstudied. The objective is to establish a typology of creative-based strategies through the analysis of the definitions adopted by regional and local authorities as well as the justifications and planning instruments used that reflect different priority goals or purposes. The paper engages the debate on rural and urban relationships as well as on the regional interdependencies. It is also stressed the demand for adapting widespread development policies to local specificities and to build up innovative forms of governance for a fully engagement of the local actors at different levels, in search of a competitive but also cohesive society. As a result, it is our intention to contribute to the theoretical thinking about the crucial factors for the sustainability of small local economies in regional development. |
| Date: | 2011–09 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwrsa:ersa11p893&r=cul |