Does brain research provide a case for the transfer of public monies to the arts?
AbstractThis paper proposes, by way of a theoretical model, that public subsidies for the arts act as a spur to the consumption of the arts which, in turn, increases the level of human capital, leading to increased economic growth. It points out that some recent studies in brain research deliver empirical evidence for this model, although it is as yet too early to prove it. Whilst, if accepted, the model will certainly justify subsidies for the arts, it still leaves many questions about efficient scope and scale unanswered.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 39410.
Date of creation: 12 Jun 2012
Date of revision:
human capital; economic impact; efficiency;
Find related papers by JEL classification:
- H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
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