Cinema Demand in Spain: A Cointegration Analysis
VÍctor Blanco and
Journal of Cultural Economics, 1997, vol. 21, issue 1, 57-75
In this paper we explain the decline in cinema attendance in Spain since 1968. We use a cointegration analysis to estimate an individual demand function for cinema, with annual data and in terms of average attendance per inhabitant. We find that cinema is a luxury good and that its demand is elastic with respect to its price. We also show that television acts as a deterrent with regard to cinema attendance. Copyright Kluwer Academic Publishers 1997
Keywords: cultural economics; cinema; demand; elasticity; cointegration analysis (search for similar items in EconPapers)
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