How Do State Arts Appropriations Affect State Economic Growth?
AbstractIn this study, we examine the effect of public spending for the arts on state economic growth among U.S. states. While there is a large literature on the effects of many elements of public spending on economic growth, this literature has ignored spending for the arts. We extend this literature by conducting a series of regression models using a panel of state-level data for the years 1992 through 2003 to identify the effect of public spending for the arts on state economic growth when such spending is financed through own-source revenues. Results indicate that increasing state arts spending above current levels, financed through own-source revenues, leads to an overall reduction in state economic growth. While this finding does not indicate that arts spending as a whole adversely impacts economic growth, it suggests that state arts spending is slightly above the optimum level, to the extent that the goal of such spending is to maximize economic growth.
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Bibliographic InfoArticle provided by Southern Regional Science Association in its journal Review of Regional Studies.
Volume (Year): 39 (2009)
Issue (Month): 3 ()
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Find related papers by JEL classification:
- H76 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Other Expenditure Categories
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
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