nep-cul New Economics Papers
on Cultural Economics
Issue of 2020‒02‒17
three papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. Examining the life-cycle artistic productivity of Latin American photographers By Jose Sanchez-Fung
  2. Cultural Heritage led Growth: Regional evidence from Greece (1998-2016) By Kostakis, Ioannis; Lolos, Sarantis; Doulgeraki, Charikleia
  3. An analysis of the efficiency of Italian museums using a generalised conditional efficiency model By Calogero Guccio; Marco Martorana; Isidoro Mazza; Giacomo Pignataro; Ilde Rizzo

  1. By: Jose Sanchez-Fung (University of Nottingham, Ningbo)
    Abstract: The paper examines the life-cycle artistic productivity of three leading Latin American photographers of the twentieth century: Manuel à lvarez Bravo (Mexico), Sergio Larraín (Chile), and Sebastião Salgado (Brazil). The analysis constructs narratives using art books and other sources of expert commentary, following the approach in earlier contributions to the economic literature on the subject (David W. Galenson, 2007, Old masters and young geniuses: The two life cycles of artistic creativity, Princeton University Press). The research identifies Manuel à lvarez Bravo as a ‘conceptual innovator’, a feature that caught the French surrealists’ attention early in his career. In contrast, Sergio Larraín and Sebastião Salgado accomplish their contributions to photography like ‘experimental innovators’. The investigation assembles and evaluates metrics from museum holdings and selected retrospectives to gauge the robustness of the conclusions emerging from the benchmark narratives.
    Keywords: life-cycle artistic productivity; conceptual and experimental innovators; age-output profiles; photographers; Latin America
    JEL: Z1 Z11
    Date: 2020–02
  2. By: Kostakis, Ioannis; Lolos, Sarantis; Doulgeraki, Charikleia
    Abstract: This paper brings empirical evidence on the relationship between cultural heritage assets and economic growth. The case of Greece over the period 1998-2016 is taken as an example. Regional growth is approached through the formulation of a neoclassical growth model augmented with cultural heritage factors. Using panel methods of estimation, the empirical results reveal a positive impact of cultural heritage on regional growth, thus supporting a culture-led growth hypothesis for the Greek economy. In addition, a significant influence of other growth drivers such as physical and human capital, fertility and unemployment on regional growth is evidenced. Our results leave ample room for smart, inclusive and sustainable national, regional and EU policies to operate for the promotion of economic growth.
    Keywords: cultural heritage, regional growth, Greece
    JEL: O47 P25 Z1
    Date: 2020–01
  3. By: Calogero Guccio (Department of Economics and Business, University of Catania); Marco Martorana (Department of Economics and Business, University of Catania); Isidoro Mazza (Department of Economics and Business, University of Catania); Giacomo Pignataro (Department of Economics and Business, University of Catania); Ilde Rizzo (Department of Economics and Business, University of Catania)
    Abstract: Museums are among the most relevant cultural institutions and assume a central role from the cultural and the economic perspectives in a country having an outstanding cultural heritage, such as Italy, which makes the evaluation of their efficiency of primary importance. However, so far, the literature evaluating museums’ efficiency has often neglected the distinction between outputs under the direct control of museums and outcomes, which depend on users’ involvement, thus providing incorrect conclusions on museums’ performance. In this paper, we employ a generalised conditional efficiency model to assess the true efficiency of Italian museums, i.e. the efficiency in the provision of museums’ service potential, and to consistently deal with the impact on the efficiency of the socio-demographic and institutional environment in which museums operate. Results show that the operational environment matters. Among other aspects, conditional estimates suggest that higher income levels and larger hospitality sectors positively influence museums efficiency.
    Keywords: Cultural heritage; Museums; technical efficiency; Non-parametric Frontier; FDH; Conditonal estimates.
    JEL: Z1 C14 C61 I21
    Date: 2020–02

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