|
on Cultural Economics |
| By: | Esfahani, Nikrooz (TSE); Jeon, Doh-Shin (TSE) |
| Abstract: | We study how the presence of a news aggregator affects quality choices of newspapers competing on the Internet. To provide a microfoundation for the role of the aggregator, we build a model of multiple issues where each newspaper chooses quality on each issue. This model captures the "business-stealing effect" and the "readership expansion effect" of the aggregator. We find that the presence of the aggregator leads newspapers to specialize in news coverage, changes quality choices from strategic substitutes to strategic complements and is likely to increase the quality of newspapers and social welfare, with an ambiguous effect on newspapers’ profits. |
| Keywords: | Newspapers, News Aggregator, Internet, Quality, Strategic Substitutes, Strategic Complements, Advertising, Business-stealing, Readership expansion, Opting Out. |
| JEL: | D21 D43 L13 L82 |
| Date: | 2013–04–01 |
| URL: | http://d.repec.org/n?u=RePEc:ide:wpaper:27049&r=cul |
| By: | Lasse Steiner; Bruno S. Frey; Simone Hotz |
| Abstract: | This paper analyzes whether hosting the most prestigious European cultural event, the European Capital of Culture, has an impact on regional economic development or the life satisfaction of the local population. Concerning the economic impact, we show that European Capitals are hosted in regions with above average GDP per capita, but do not causally affect the economic development in a significant way. Even a positive impact on GDP per capita would not imply a positive impact on individual utility or social welfare of the regional population. Surprisingly, using difference-in-difference estimations, a negative effect on the well-being of the regional population is found during the event. Since no effect is found before the event, reverse causality and positive anticipation can be ruled out. The negative effect during the event might result from dissatisfaction with the high levels of public expenditure, transport disruptions, general overcrowding or an increase in housing prices. |
| Keywords: | Life Satisfaction, mega-events, culture, european capital of culture |
| JEL: | H40 H54 R12 Z11 |
| Date: | 2013–04 |
| URL: | http://d.repec.org/n?u=RePEc:zur:econwp:117&r=cul |
| By: | Ebru Kerimoglu (Istanbul Technical University, Department of Urban and Regional Planning); B. Can Karahasan (Okan University, Department of International Trade) |
| Abstract: | The ‘creative class’ as a source of growth has been afforded increasing attention in recent years. However, creative people are not distributed evenly across space, tending rather to concentrate in particular locations. The location decisions of these creative people have been forwarded as a significant factor in accounting for regional disparities in growth and development (Florida, 2002; Fritsch and Stuetzer, 2009). Inspired by the ongoing debate surrounding the creative class theory, this study investigates the spatial distribution of creative capital and its links with regional disparities by examining the geographical divergence of provincial income in Spain. Our findings indicate that although provinces with low levels of creative capital around 1996 experienced an increase in their creative employment in the years leading up to 2004, they still lag behind the northern (and, in particular, the north-eastern) provinces of Spain. More interestingly we report strong spillover effects among the leading and lagging provinces. This spatial pattern of creative capital also accounts for the north-south divide in Spain. Thus, our empirical evidence shows that the provinces with high levels of creative capital in northern Spain are more developed in terms of provincial income even when controlling for other determinants of the process, including industrial development, regional spillover effects and human capital development. |
| Keywords: | Creative Capital, Spain, Regional Divergence, Regional Spillover. JEL classification: R11, R12, O10, E24 |
| Date: | 2012–02 |
| URL: | http://d.repec.org/n?u=RePEc:aqr:wpaper:201201&r=cul |
| By: | Erkan Gören (University of Oldenburg, Department of Economics) |
| Abstract: | This paper investigates the economic growth impact of cultural diversity, both domestically and in neighbouring countries, in a balanced panel of 94 countries covering the period 1970 to 2004. The measures of cultural diversity used in this article were derived from a recently developed computer algorithm intended primarily to measure linguistic distances in an automated fashion. The empirical analysis suggests that the degree of cultural diversity in contiguous neighbouring countries has substantial positive effects on domestic per capita income growth, even controlling for a broad set of regional, institutional, religious and other proximate factors of economic growth. The conclusion is that culturally homogeneous countries gain a strategic advantage over their culturally diverse neighbours. |
| Keywords: | cultural diversity; ethnic diversity; economic growth |
| JEL: | O11 O5 |
| Date: | 2013–03 |
| URL: | http://d.repec.org/n?u=RePEc:old:wpaper:352&r=cul |