Effects of Oscar awards on movie production

Betty Agnani and Henry Aray ()

No 2016-8, Economics Discussion Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: This article tests the effects of Oscar awards on the production of feature films. Time series data for Spain over the 1953-2014 period are used and a production function is estimated assuming that the Oscar effects accrue through the total factor productivity. A lag structure is introduced which allows for a general specification so that the Oscar awards could have constant or diminishing effects over time. The results show that the Oscar wins have significant positive effects on movie production and that some of them have caused structural breaks, while others have vanishing effects over time. The results are fairly robust to the introduction of control variables and different methods of estimation.

Keywords: Movie production; Oscar awards; Cobb-Douglas Production Function (search for similar items in EconPapers)
JEL-codes: C13 L82 Z10 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-cul, nep-eff and nep-his
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Citations: View citations in EconPapers (1)

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https://www.econstor.eu/bitstream/10419/128475/1/847952916.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:20168

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