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The Great Beauty: Public Subsidies in the Italian Movie Industry

G. Meloni, Dimitri Paolini () and Manuela Pulina ()

Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, 2015, vol. 1, issue 3, 445-455

Abstract: We examine the impact of public subsidies in the Italian movie industry by considering two dimensions: quantity (box-office revenues) and quality (film festival awards). Public subsidies and movie genres are employed as explanatory variables to investigate how public intervention and genre influence movie industry performance. We find that although public funding shows an overall negative influence on quantity and quality, there are some differences when considering public subsidies by genre. On balance, there is statistical evidence that dramas and thrillers are the genres that should be primarily financed by public agents. Copyright Società Italiana degli Economisti (Italian Economic Association) 2015

Keywords: Movie industry; Public subsidies; Awards; Box office; Z18; C23 (search for similar items in EconPapers)
Date: 2015
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