Support Mechanisms for Museums in the Economic Crisis (the Example of Major Museums of Europe and Russia)

V. Muzychuk and E. Khaunina
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V. Muzychuk: Institute of Economics of RAS, Moscow, Russia
E. Khaunina: The State Institute for the Arts Research, Moscow, Russia

Journal of the New Economic Association, 2015, vol. 25, issue 1, 132-161

Abstract: The authors analyze the mechanisms of financial support for major European and Russian museums in the economic crisis. The key performance indicators of the largest museum institutions in Europe and Russia (the Louvre, the Prado Museum, the British Museum, the Hermitage, the Tretyakov Gallery and Moscow Kremlin Museums) are analyzed. The main trends and patterns in the formation of financial resources of museums in a changing economic environment are considered.

Keywords: cultural economics; public support for the arts and culture; the economics of museums; museum activities; subsidies; fundraising; charitable donations (search for similar items in EconPapers)
JEL-codes: Z11 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2015:i:25:p:132-161

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