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Subsidies and awards in movie production

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  • Betty Agnani
  • Henry Aray

Abstract

This article analyses the effect of subsidies and awards on the Spanish motion picture industry. We estimate a Cobb-Douglas production function using regional data and show that Spanish motion picture industry exhibits constant returns to scale and that awards positively affect movie production whereas subsidies have no effect. In fact, awards affect the productivity of the sector as they allow for an increase in the output, which is not explained by an increase in inputs.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

Volume (Year): 17 (2010)
Issue (Month): 15 ()
Pages: 1509-1511

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Handle: RePEc:taf:apeclt:v:17:y:2010:i:15:p:1509-1511

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  1. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-38, May.
  2. Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output Per Worker Than Others?," The Quarterly Journal of Economics, MIT Press, vol. 114(1), pages 83-116, February.
  3. Christian Jansen, 2005. "The Performance of German Motion Pictures, Profits and Subsidies: Some Empirical Evidence," Journal of Cultural Economics, Springer, vol. 29(3), pages 191-212, August.
  4. Eva Deuchert & Kossi Adjamah & Florian Pauly, 2005. "For Oscar Glory Or Oscar Money?," Journal of Cultural Economics, Springer, vol. 29(3), pages 159-176, August.
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