nep-cul New Economics Papers
on Cultural Economics
Issue of 2022‒09‒19
four papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. Asymmetric Globalization and Top Performers Income By Joël Hellier
  2. Introduction to The Creative Class Revisited: New Analytical Advances By Batabyal, Amitrajeet; Nijkamp, Peter
  4. A framework for measuring social value in infrastructure and built environment projects: an industry perspective By Fujiwara, Daniel; Dass, Daniel; King, Emily; Vriend, Myriam; Houston, Richard; Keohane, Kieran

  1. By: Joël Hellier
    Abstract: This paper proposes a new explanation for the rise in top performers income based on an asymmetry in globalization, with one country producing globalized non-rivalrous performances (music, films, series, entertainment programmes etc.) whereas other countries produce purely domestic ones. In the country with globalized performances, the globalization dynamics (growing number of countries involved in the global market) entails an increase in the number and incomes of performers and an increase in inequality by the top. The higher the performer’s talent, the higher the globalization-driven increase in income. In countries with purely national performances, the participation in the global economy reduces the number and incomes of performers and lessens inequality by the top. In contrast, when globalization is symmetric (all countries producing globalized performances), there is no change in the number and incomes of performers in all countries compared to autarky. These results are in line with several characteristics observed in activities directly impacted by the cultural supremacy of American and English speaking countries in the global economy: 1) the share of Anglo-Saxon countries in the top 100 richest is substantially higher for actresses, actors, singers and TV show and film producers than for other occupations (CEOs, businessmen etc.), 2) the increase in the share of top incomes is significantly higher in Anglo-Saxon countries, and 3) the increase in inequality is greater in those countries.
    Keywords: GAsymmetry; Globalization; Inequality; Superstars
    JEL: F66 J31 J44 L82
    Date: 2022–08
  2. By: Batabyal, Amitrajeet; Nijkamp, Peter
    Abstract: In this introductory chapter, we contextualize and briefly describe the intellectual contributions of the different chapters in this book. Following this chapter, which comprises Part I of the book, there are eleven chapters and each of these chapters addresses a particular research question or a set of questions about the creative class. Part II of this book consists of two chapters and this part focuses on alternate conceptual approaches to the creative class. Part III also contains two chapters and this part concentrates on analytics. Part IV consists of five chapters and this part sheds light on a variety of regional perspectives on the creative class. Finally, the two chapters that make up part V takes a retrospective and a prospective look at research on the creative class. In the concluding section of the present chapter, we offer some reflections on the cornerstones of creative class theory as advocated by Richard Florida two decades ago.
    Keywords: Creative Class, Definition, Measurement, Modeling, Research
    JEL: R11 R12 R50
    Date: 2022–06–03
  3. By: Ye Qianyuan
    Abstract: Yoga culture and the traditional ecological concept of Bai nationality in Dali have many connections in terms of basic cognition of natural things, the handling of the relationship between man and nature, and the philosophical thinking about the relationship between man and nature. Exploring the correlation between the two is conducive to finding cultural commonalities, promoting intercultural exchanges, and at the same time providing reference for human physical and mental health and healthy social development in the post-epidemic era. Key words: yoga culture; ecological concept; ethnic minorities; southwest China
    Date: 2022–06
  4. By: Fujiwara, Daniel; Dass, Daniel; King, Emily; Vriend, Myriam; Houston, Richard; Keohane, Kieran
    Abstract: As the infrastructure and built environment sectors shift from traditional economic valuation towards more holistic approaches, projects are being designed, built and evaluated in new ways. An important emerging technique for the economic evaluation of projects is social value measurement. This paper sets out the foundations for the social value measurement techniques that underpin the methods and frameworks developed in central governments and by multilateral and international organisations and describes how these can be adapted to value the broader societal and environmental effects of infrastructure and built environment projects. The paper provides practical evidence of social value measurement in valuing heritage impacts for Stonehenge World Heritage Site as well as presenting a detailed account of the foundations of cost-benefit analysis as a tool for social value measurement and non-market valuation.
    Keywords: built environment; infrastructure planning; public policy; social impact
    JEL: R14 J01
    Date: 2022–08–04

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