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Economic impacts of the vale-cultura (culture voucher): a computable general equilibrium model

Author

Listed:
  • Gustavo Fernandes Souza

    (Cedeplar-UFMG)

  • Ana Flávia Machado

    (Cedeplar-UFMG)

  • Edson Paulo Domingues

    (Cedeplar-UFMG)

Abstract

Restricted access to consumption of cultural goods and services is one of the major problems faced by this sector in Brazil. To address this issue, the federal government created the Vale-Cultura, a voucher in which individuals receive an income transfer to be used exclusively for purchasing cultural goods and services. The aim of this study is to analyze the impacts of the Vale-Cultura in the cultural sector and in the economy in general. The methodology applied is the Brazilian Recursive Dynamic General Equilibrium model (BRIDGE). Our simulations found that GDP growth is driven mainly by the increase in household consumption. There is a positive variation in welfare, assessed by the equivalent and compensating variations in income for beneficiaries of the vouchers. Finally, a positive growth is projected at the level of activity of cultural sectors and negative growth in others, showing a reallocation of productive factors.

Suggested Citation

  • Gustavo Fernandes Souza & Ana Flávia Machado & Edson Paulo Domingues, 2019. "Economic impacts of the vale-cultura (culture voucher): a computable general equilibrium model," Textos para Discussão Cedeplar-UFMG 595, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td595
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    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20595.pdf
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    References listed on IDEAS

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    1. Towse,Ruth, 2010. "A Textbook of Cultural Economics," Cambridge Books, Cambridge University Press, number 9780521888721, June.
    2. Goodwin, Craufurd, 2006. "Art and Culture in the History of Economic Thought," Handbook of the Economics of Art and Culture, in: V.A. Ginsburgh & D. Throsby (ed.), Handbook of the Economics of Art and Culture, edition 1, volume 1, chapter 2, pages 25-68, Elsevier.
    3. Markusen, Ann, 2007. "A Consumption Base Theory of Development: An Application to the Rural Cultural Economy," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 36(1), pages 1-15, April.
    4. van der Ploeg, Frederick, 2006. "The Making of Cultural Policy: A European Perspective," Handbook of the Economics of Art and Culture, in: V.A. Ginsburgh & D. Throsby (ed.), Handbook of the Economics of Art and Culture, edition 1, volume 1, chapter 34, pages 1183-1221, Elsevier.
    5. Victor Ginsburgh & David Throsby, 2006. "Handbook of the economics of art and culture," ULB Institutional Repository 2013/1673, ULB -- Universite Libre de Bruxelles.
    6. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762.
    7. Santagata, Walter, 2006. "Cultural Districts and Their Role in Developed and Developing Countries," Handbook of the Economics of Art and Culture, in: V.A. Ginsburgh & D. Throsby (ed.), Handbook of the Economics of Art and Culture, edition 1, volume 1, chapter 31, pages 1101-1119, Elsevier.
    8. Markusen, Ann, 2007. "A Consumption Base Theory of Development: An Application to the Rural Cultural Economy," Agricultural and Resource Economics Review, Cambridge University Press, vol. 36(1), pages 9-23, April.
    9. Sibelle Diniz & Ana Machado, 2011. "Analysis of the consumption of artistic-cultural goods and services in Brazil," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 35(1), pages 1-18, February.
    10. Towse,Ruth, 2010. "A Textbook of Cultural Economics," Cambridge Books, Cambridge University Press, number 9780521717021, June.
    11. Bille, Trine & Schulze, Gunther G., 2006. "Culture in Urban and Regional Development," Handbook of the Economics of Art and Culture, in: V.A. Ginsburgh & D. Throsby (ed.), Handbook of the Economics of Art and Culture, edition 1, volume 1, chapter 30, pages 1051-1099, Elsevier.
    12. Souza, Kênia Barreiro de & Cardoso, Débora Freire & Domingues, Edson Paulo, 2016. "Medidas Recentes de Desoneração Tributária no Brasil: Uma Análise de Equilíbrio Geral Computável," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 70(1), March.
    13. Peacock, Alan, 2006. "The Arts and Economic Policy," Handbook of the Economics of Art and Culture, in: V.A. Ginsburgh & D. Throsby (ed.), Handbook of the Economics of Art and Culture, edition 1, volume 1, chapter 32, pages 1123-1140, Elsevier.
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    Cited by:

    1. Luiz Carlos Santana Ribeiro & Thiago Henrique Carneiro Rios Lopes & Amir Borges Ferreira Neto & Fernanda Rodrigues Santos, 2020. "Cultural employment growth in Brazilian municipalities," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 44(4), pages 605-624, December.

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    More about this item

    Keywords

    Culture; Vale-Cultura; CGE; Impacts; Consumption; Well-being; Sectoral Analysis.;
    All these keywords.

    JEL classification:

    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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