nep-cul New Economics Papers
on Cultural Economics
Issue of 2018‒01‒22
one paper chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. Do behaviours in cultural markets affect economic resilience? An analysis of the Italian regions By Cellini, Roberto; Cuccia, Tiziana

  1. By: Cellini, Roberto; Cuccia, Tiziana
    Abstract: The purpose of this paper is to investigate the relation between the economic resilience and cultural behaviour, resorting to the evidence provided by the 20 Italian regions at the time of the Great recession. We consider specific cultural behaviours, which provide a specific meaning of culture; its relation with the resilience ability of regions is analysed. We document that higher level of supplied and demanded quantity of cultural goods in a region associate with higher regional economic resilience as measured by the ability of limiting employment drop; the relation with the considered cultural behaviours is weaker in the case of economic resilience as measured by the ability of limiting income drop. We propose possible explanations for this asymmetry.
    Keywords: Regions, Economic resilience, Great Recession, Cultural goods, Italy
    JEL: R39 Z10
    Date: 2018–01–11

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