nep-cul New Economics Papers
on Cultural Economics
Issue of 2021‒11‒29
three papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. Good Reverberation? Teacher Influence in Music Composition since 1450 By Karol J. Borowiecki
  2. Diversity on the Screen By Manthos D. Delis; Anastasia Litina; Skerdilajda Zanaj
  3. All that glitters is not gold. An economic evaluation of the Turin Winter Olympics By Anna Laura Mancini; Giulio Papini

  1. By: Karol J. Borowiecki (Department of Economics, University of Southern Denmark)
    Abstract: Teachers and mentors in creative fields ranging from scientific research to the arts may shape their students' skills and views of the craft, and in turn the work they produce. How significant is this influence, how long does it last, and are there consequences for the variety and quality of students' inventive output? We study these questions in the context of Western music composition over five centuries, a historically important cultural institution, and in a setting where composers' musical lineage is well-documented, the content of their work can be directly compared, and its lasting value can be measured. We find strong evidence of influence, document when it arises and persists, and evaluate its consequences. The results provide insight into the production of creative or intellectual output, specifically around questions of where ideas come from, why certain ideas get produced as opposed to others, and what the ramifications might be.
    Keywords: teacher influence, creativity, cultural transmission, transmission of ideas, music history
    JEL: I21 J24 N30 O31 Z11
    Date: 2021–06
  2. By: Manthos D. Delis (Montpellier Business School); Anastasia Litina (Department of Economics, University of Macedonia); Skerdilajda Zanaj (Department of Economics, University of Macedonia)
    Abstract: Using hand-collected data on movies from 1998 to 2008, we examine how deep-rooted population diversity in the origin countries of the cast (actors) and the production team (director, writer, and producer) affects movie performance (spectator ratings and box office revenue). We contend that distinguishing between the cast (what is visible by spectators-consumers) and the production team allows an analysis of how “visible diversity†affects performance. Once meticulously controlling for selection-endogeneity concerns, we find that the visible component has a hump-shaped effect on our movie performance measures and mostly drives our findings. We also show that the optimal level of cast diversity (the one that maximizes movie performance) is significantly higher than the sample’s average value.
    Keywords: Population diversity; Visible diversity; Movie industry; Movie ratings; Box office; Origin country
    Date: 2021–11
  3. By: Anna Laura Mancini (Bank of Italy); Giulio Papini (Bank of Italy)
    Abstract: This paper provides an ex-post evaluation of the 2006 Turin Winter Olympic Games by means of a synthetic control approach on a number of potential outcomes for an event of such magnitude. We find a positive impact on tourism and the ratio between prices in the centre and in the outskirts of the city. We also find, however, a positive effect on municipal per capita debt. Other variables that are often advertised as the main beneficiaries of the staging of an event such as the Olympics (value added per capita, employment rate, trade openness and the level of house prices) show no significant improvement.
    Keywords: big events, olympic games, synthetic control
    JEL: Z20 R11
    Date: 2021–11

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