Subsidies and Awards in Movie Production

Betty Agnani () and Henry Aray ()

No 08/16, ThE Papers from Department of Economic Theory and Economic History of the University of Granada.

Abstract: 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.

Keywords: Movie production; awards; panel data (search for similar items in EconPapers)
JEL-codes: Z11 C23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cul
Date: 2008-12-29
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Persistent link: http://EconPapers.repec.org/RePEc:gra:wpaper:08/16

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