Explaining Post-War Cinema Attendance in Great Britain
This paper models the interaction between cinema admissions and cinema supply in response to changes in exogenous variables, chiefly competition from television viewing. The relationship is estimated empirically by applying near Vector Autoregression (VAR) techniques to a long run of British annual data from 1950 to 1997. The results indicate that sustained negative shocks to cinema demand throughout most of the period reduced the supply of screens, inducing further falls in admissions and closures until a new equilibrium was attained. More recently, the introduction of multiplex cinemas has interrupted and partially reversed this downward demand-supply spiral. Copyright Kluwer Academic Publishers 2001
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- VÍctor Blanco & JosÉ BaÑos Pino, 1997. "Cinema Demand in Spain: A Cointegration Analysis," Journal of Cultural Economics, Springer, vol. 21(1), pages 57-75, March.
- Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
When requesting a correction, please mention this item's handle: RePEc:kap:jculte:v:25:y:2001:i:2:p:91-108. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.