Betty Agnani () (Department of Economic Theory and Economic History, University of Granada.) Henry Aray () (Department of Economic Theory and Economic History, University of Granada.)
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This article analyzes the effect of subsidies and awards on the Spanish motion picture industry. We estimate a Cobb-Douglas production function using regional data, showing that it exhibits constant returns to scale and that awards positively affect movie production, while subsidies have no effect. In fact, awards affect the productivity of the sector since they allow for an increase in the output, which is not explained by an increase in inputs.
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Paper provided by Department of Economic Theory and Economic History of the University of Granada. in its series ThE Papers with number
08/16.
Find related papers by JEL classification: Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data
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