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The Great Beauty: Public Subsidies in the Italian Movie Industry

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

Working Paper CRENoS from Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia

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.

Keywords: movie industry; public subsidies; awards; box office (search for similar items in EconPapers)
JEL-codes: Z1 C23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cul and nep-eur
Date: 2015
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https://crenos.unica.it/crenos/node/6517
https://crenos.unica.it/crenos/sites/default/files/WP15-07.pdf (application/pdf)

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Journal Article: The Great Beauty: Public Subsidies in the Italian Movie Industry (2015) Downloads
Working Paper: The great beauty: public subsidies in the Italian movie industry (2015)
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