nep-cul New Economics Papers
on Cultural Economics
Issue of 2017‒09‒10
four papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. Does popularity matter in a TV song competition? Evidence from a national music contest By Budzinski, Oliver; Pannicke, Julia
  2. Agenda-Setting in Russian Media By Anastasia Kazun
  3. Shacklean Uncertainty and Cultural Embeddedness as Innovation Constraints in the UK By Tubadji, Annie; Nijkamp, Peter; Santarelli, Enrico
  4. Culture and Accumulation of Capital : An Empirical study in the Context Haitian Society By Paul Eliccel

  1. By: Budzinski, Oliver; Pannicke, Julia
    Abstract: There is a considerable amount of literature analyzing factors of success in music contests, in particular those where the audience votes for the winner. However, one factor that is highlighted by the economic theory of stardom is generally neglected in the literature. In this paper, we tackle this research gap by focusing on a national music contest in Germany and investigating how popularity of the participating artists influences the final voting results. We employ two different concepts of popularity. First, we collected data regarding the artist's former success (MacDonald-popularity) using music charts data. Second, we proxy the media presence of the artists (Adler-popularity) using hits in traditional and new media. In our analysis, we find empirical evidence that the artist's ex-ante popularity positively affects the outcome of voting results. Interestingly, media presence matters more than former success. Furthermore, displaying the characteristics of a one-hit won-der harms success in the contest.
    Keywords: popularity,superstar effect,biased voting,Bundesvision Song Contest,cultural economics,media economics
    JEL: L82 Z10 Z19
    Date: 2017
  2. By: Anastasia Kazun (National Research University Higher School of Economics)
    Abstract: The purpose of this study is to test the agenda-setting theory, according to which the media has a significant impact on what people consider to be important events. We compare the results of the Levada Center surveys on the most memorable events of the month with the number of publications on these issues in the press. We focused on the period from January 2014 to December 2016. A total of 884 events were analyzed in the article. The results of the study confirm the impact of discussions in the media on people's attention to the problem. The results also show that the discussions in the media one week before the date of polling are more important than the issues covered over the entire month. People better remember those events which took place shortly before the polling, as well as the events the discussion of which intensified during this period. It is also important to note the role of regional publications in the sensitization of the public to various issues. The issues covered by the national newspapers and news agencies, but ignored by the regional press, are much worse remembered by the population. The results of the study are controlled for background of the discussion: the presence of important events in each relevant month, which monopolized the public attention, is taken into account.
    Keywords: agenda-setting, public opinion, media, press
    JEL: Z
    Date: 2017
  3. By: Tubadji, Annie; Nijkamp, Peter; Santarelli, Enrico
    Abstract: We focus on both individual and local uncertainty to explain the innovation potential of entrepreneurs in the NUTS1 UK regions in 2005 and 2009. The ‘potential surprise function’ (Shackle, 1949) clarifying why sometimes promising business choices are truncated is taken as a determinant of an entrepreneur’s innovation decision. GEM (Global Entrepreneurship Monitor) data and data on psychological types are used in the empirical analysis. The econometric estimation strategy addresses both the issue of selection bias (due to uncertainty) and that of zero-inflated data (i.e., presence of only a few highly innovative actors in comparison to the majority in our sample). Findings suggest that local uncertainty is the predominant determinant of individual entrepreneurial choice. The regional effect appears to amount to about 4% of the innovation differences across NUTS1 UK regions, while almost one third of it is determined by the local level of uncertainty bias. Thus, the novelty of the present study is that it shows how differences in local cultural tolerance to uncertainty may explain differences in the quantity of truncated innovative ideas among localities.
    Keywords: potential surprise function,entrepreneurship,innovation,knowledge,epistemic uncertainty,cultural embeddedness,Culture Based Development,quality ladder
    JEL: Z10 D81 R11
    Date: 2017
  4. By: Paul Eliccel (CEREGMIA - Centre de Recherche en Economie, Gestion, Modélisation et Informatique Appliquée - UAG - Université des Antilles et de la Guyane)
    Abstract: The literature has identified a set of factors explaining the accumulation of capital. However, little attention has been paid to the impact of cultural beliefs. This paper, based on economic science, uses data collected from 207 haitian formal sector firms to develop and test a model of capital accumulation integrating socio-cultural traits, including life in the present moment, fatalism, primacy of the hereafter and mutual assistance. The results reveal that the primacy of the beyond, life in the present moment and mutual aid have negative and significant impacts on accumulation of capital. And, fatalism has positive and significant effects on this variable.
    Abstract: La littérature a identifié un ensemble de facteurs expliquant l'accumulation du capital. Cependant, les travaux ne se sont que très peu intéressés à l'impact des croyances culturelles. Ce papier, relevant de la science économique, utilise des données collectées auprès de 207 entreprises du secteur formel haïtien pour élaborer et tester un modèle d'accumulation du capital intégrant des traits socioculturels, notamment la vie dans l'instant présent, le fatalisme, la primauté de l'au-delà et l'entraide mutuelle. Les résultats révèlent que la primauté de l'au-delà, la vie dans l'instant présent et l'entraide mutuelle ont des impacts négatifs et significatifs sur l'accumulation du capital. En revanche, le fatalisme a des effets positifs et significatifs sur cette variable. Mots clés. Accumulation du capital, croyances, traits socioculturels.
    Keywords: Accumulation of capital,socio-cultural traits,beliefs,croyances,Accumulation du capital,traits socioculturels
    Date: 2016–02–04

This nep-cul issue is ©2017 by Roberto Zanola. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.