The Tale of the Cuts and Raises: Public Budgets for Culture in the European Countries During the Financial Crisis

Andrej Srakar (), Marilena Vecco () and Ákos Tóth ()
Additional contact information
Marilena Vecco: Université Bourgogne Franche-Comté
Ákos Tóth: Researcher in Cultural Economics, Hungary

Hacienda Pública Española / Review of Public Economics, 2017, vol. 221, issue 2, 83-109

Abstract: The article examines to what extent the public financing of the cultural sector was different, compared to other economic sectors of the economy in crisis. We perform an econometric analysis on the Eurostat COFOG dataset for 29 European countries in years 1990-2014. The results show that cuts in the cultural sector were present at general, central and local levels, yet happened with different characteristics than for other sectors of the economy. Also, the dynamics of public budgets for culture during the crisis significantly differed across the analysed countries and cuts were not present on a uniform level.

Keywords: European Countries; Public budgets for culture; Financial crisis; Blundell-Bond models; Institutional quality. (search for similar items in EconPapers)
JEL-codes: C33 H50 H60 H72 Z11 Z18 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.ief.es/comun/Descarga.cshtml?ruta=~/do ... tas/hpe/221_Art4.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hpe:journl:y:2017:v:221:i:2:p:83-109

Access Statistics for this article

More articles in Hacienda Pública Española / Review of Public Economics from IEF Contact information at EDIRC.
Bibliographic data for series maintained by Miguel Gómez de Antonio ().