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on Cultural Economics |
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Issue of 2024‒07‒22
eight papers chosen by Roberto Zanola, Università degli Studi del Piemonte Orientale |
| By: | OECD |
| Abstract: | This paper delves into the intricate relationship between tourism and the cultural and creative sectors. As discussions unfold within the G20 Tourism Working Group and Ministers Meeting, the paper highlights the global significance of cultural and creative industries. It examines the potential benefits and hurdles of integrating cultural and creative elements into tourism policies. Aligning with G20 commitments to foster collaboration, innovation, and sustainability, the paper offers avenues for implementing the draft G20 Bali Guidelines. By emphasizing the value of cultural tourism and sustainable practices, it contributes to shaping a more inclusive and resilient tourism sector on the global stage. |
| Date: | 2022–09–23 |
| URL: | https://d.repec.org/n?u=RePEc:oec:cfeaaa:2022/12-en&r= |
| By: | Salvaggio, Salvino A. |
| Abstract: | This brief review paper explores the economic impact of cultural institutions, focusing on three critical areas: the indicators and methodologies for impact assessment, the broad benefits of cultural investments, and the roles of cultural tourism and public spending. The synthesis draws on diverse sources to suggest that a comprehensive understanding of these factors is crucial for redefining the roles of cultural managers beyond artistic custodianship to agents of economic development, significantly influencing local and broader economic landscapes. |
| Date: | 2024–06–03 |
| URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:n7rgb&r= |
| By: | Salvaggio, Salvino A. |
| Abstract: | This brief article explores the transformative role of virtual orchestras in modern musical performance and production. It examines how digital technologies are reshaping the ways in which music is composed, staged, and experienced, highlighting both the opportunities and challenges posed by this evolution. The discussion covers the technological developments enabling these changes, alongside potential cultural and ethical implications, especially concerning the impact on live musicianship and audience engagement. Importantly, it also addresses why understanding these developments is crucial for orchestra managers, who must handle these innovations while maintaining artistic integrity and financial sustainability. This paper aims to provide insights into the integration of virtual orchestras within traditional and contemporary music landscapes. |
| Date: | 2024–06–04 |
| URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:uqhvy&r= |
| By: | Fátima Espinosa Casero (University of Valladolid); Luis César Herrero Prieto (University of Valladolid) |
| Abstract: | Economic valuation studies of cultural goods have a long history and have gained renewed interest in recent years. This paper poses a methodological challenge as the use of alternative scales to monetary ranges for the valuation of cultural heritage. A renowned archaeological site is taken as a case study, and its use value is estimated through the travel cost method (monetary value) and time spent visiting the site (non-monetary scale). According to consumption theory, we find an inverse relationship between the two scales and the intensity of demand. While the monetary approach mainly reflects the cost of accessing the good –ceteris paribus the preferences– the time spent approach shows that those who invest more time in the visit are fanatics, enthusiasts, dazzled youth, and educated adults. These results provide more efficient policy implications in the field of cultural management and price-marking. |
| Keywords: | non-market valuation, archaeological heritage, travel cost method, time spent scale |
| JEL: | Z11 Z32 O10 C10 |
| Date: | 2024–06 |
| URL: | https://d.repec.org/n?u=RePEc:cue:wpaper:awp-02-2024&r= |
| By: | Gabriela Duarte de Souza; Marislei Nishijima; Mauro Rodrigues |
| Abstract: | Given the scarcity of data on video streaming consumption, few studies have attempted to measure its effects on other traditional film media. To overcome this literature gap, we evaluate the impact of streaming indirectly by exploring the early introduction of Netflix streaming services in the U.S. as an intervention. We use the Australian market as a comparison group, given that Netflix was not available in that country until 2015. Using a sample of films released in the U.S. and Australia between 2004 and 2014, we document that the launch of Netflix streaming services in 2007 is associated with a reduction of 14 to 17% in box office revenues. |
| Keywords: | Streaming video; Netflix; cinema; films; technology; movie theaters |
| JEL: | L8 L82 L86 O33 |
| Date: | 2024–07–01 |
| URL: | https://d.repec.org/n?u=RePEc:spa:wpaper:2024wpecon20&r= |
| By: | Gaétan de Rassenfosse (Ecole polytechnique federale de Lausanne); Adam Jaffe (Brandeis University); Joal Waldfogel (University of Minnesota) |
| Abstract: | The arrival of creative machines—software capable of producing human-like creative content—has triggered a series of legal challenges about intellectual property. The outcome of these legal challenges will shape the future of the creative industry in ways that could enhance or jeopardize welfare. Policymakers are already tasked with creating regulations for a post-generative AI creative industry. Economics may offer valuable insights, and this paper is our attempt to contribute to the discussion. We identify the main economic issues and propose a framework and some tools for thinking about them. |
| Keywords: | generative AI; machine learning; copyright; fair use |
| JEL: | O34 K20 |
| Date: | 2024–06 |
| URL: | https://d.repec.org/n?u=RePEc:iip:wpaper:27&r= |
| By: | Salvaggio, Salvino A. |
| Abstract: | This brief case study review explores the digital transformation journeys of renowned orchestras worldwide, highlighting key learnings and strategies. The paper examines five case studies from international orchestras. These institutions have used digital platforms, data analytics, and innovative technologies to enhance audience engagement, expand reach, and improve operational efficiency. The findings emphasise the importance of digital transformation for long-term sustainability and competitiveness in the performing arts. Key insights include the potential for increased global audience engagement, diversified revenue streams, and enhanced customer experiences through data-driven strategies. Case studies were built upon publicly available material rather than official documents or interviews, which may imply some imprecision. |
| Date: | 2024–06–18 |
| URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:ugsjh&r= |
| By: | thomas, anna; Mathur, Maya B; Hope, Jessica Elizabeth (Stanford University School of Medicine) |
| Abstract: | Plant-based diets can help mitigate climate change. We investigated longitudinal effects of popular media that encourage plant-based diets from diverse perspectives, including health, environment, and animal welfare. We systematically searched for the most popular such media, which were all films. In initial correlational analyses, Google search interest for the films explained the majority (73%) of variance in search interest for plant-based food, but was not associated with consumption of meat or of plant-based alternatives. In primary analyses using pre-registered causal inference models that controlled for confounding, we estimated that each 1-SD increase in search interest for the health-focused films What the Health (2017), The Game Changers (2018), and You Are What You Eat (2024) increased search interest in plant-based food by 43%, 11%, and 11% respectively in the following week. These results can inform communication approaches for ongoing efforts of governments and other organizations encouraging sustainable diets. |
| Date: | 2024–07–04 |
| URL: | https://d.repec.org/n?u=RePEc:osf:osfxxx:yh94d&r= |