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Cinema Demand in Spain: A Cointegration Analysis

VÍctor Blanco and José Baños

Journal of Cultural Economics, 1997, vol. 21, issue 1, 57-75

Abstract: 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)
Date: 1997
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Handle: RePEc:kap:jculte:v:21:y:1997:i:1:p:57-75