Subsidies and awards in movie production
Identificadores
URI: http://hdl.handle.net/10481/31541Metadatos
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Universidad de Granada. Departamento de Teoría e Historia Económica
Materia
Movie production Awards Panel data
Fecha
2008Referencia bibliográfica
Agnani, B.; Aray, H. Subsidies and awards in movie production. Universidad de Granada. Departamento de Teoría e Historia Económica (2008). (The Papers; 08/16). [http://hdl.handle.net/10481/31541]
Patrocinador
Financial support from the Spanish Ministry of Education and Science and the Junta de Andalucía through Projects SEJ2007- 62081/ECON and SEJ-2547, respectively.Resumen
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.