And the Oscar goes to..... Peeeeedrooooo!

Henry Aray () and Betty Agnani ()

No 07/03, ThE Papers from Department of Economic Theory and Economic History of the University of Granada.

Abstract: In this article we are interested in how the production of Spanish feature films reacts to an Oscar award. We use time series data for the 1953-2007 period and estimate a production function assuming that the Oscar effect accrues through an augmenting input factor. We consider a lag structure that allows the Oscar to have a diminishing effect over time. In general our evidence supports a positive Oscar effect. Nevertheless, the only significant Oscar award at the 5% level is that of Talk to Her, which Penélope Cruz euphorically announced with her celebrated cry.

Keywords: Movie production; Oscar awards; Cobb-Douglas Production Function. (search for similar items in EconPapers)
JEL-codes: Z12 C11 (search for similar items in EconPapers)
Date: 2007-12-31
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Persistent link: http://EconPapers.repec.org/RePEc:gra:wpaper:07/03

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