2010
DOI: 10.1080/13504850903035865
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Subsidies and awards in movie production

Abstract: This article analyzes the e¤ect of subsidies and awards on the Spanish motion picture industry. We estimate a Cobb-Douglas production function using regional data, showing that it exhibits constant returns to scale and that awards positively a¤ect movie production, while subsidies have no e¤ect. In fact, awards a¤ect the productivity of the sector since they allow for an increase in the output, which is not explained by an increase in inputs.

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Cited by 8 publications
(1 citation statement)
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“…Public support has been shown to have mixed relationships with financial and nonfinancial metrics of success (McKenzie et al., 2020; McKenzie & Walls, 2013; Meloni et al., 2015; Teti et al., 2014). Researchers have examined the long‐run impacts from continued public support (Jourdan & Kivleniece, 2017) and whether widespread usage of subsidies is effective at building a strong domestic industry (Agnani & Aray, 2010; Messerlin & Parc, 2014, 2017). Other research examines the strategic use of co‐productions and the role of policy in developing domestic film industries (Yan & Yu, 2021; Yecies, 2016).…”
Section: Movie Macroeconomicsmentioning
confidence: 99%
“…Public support has been shown to have mixed relationships with financial and nonfinancial metrics of success (McKenzie et al., 2020; McKenzie & Walls, 2013; Meloni et al., 2015; Teti et al., 2014). Researchers have examined the long‐run impacts from continued public support (Jourdan & Kivleniece, 2017) and whether widespread usage of subsidies is effective at building a strong domestic industry (Agnani & Aray, 2010; Messerlin & Parc, 2014, 2017). Other research examines the strategic use of co‐productions and the role of policy in developing domestic film industries (Yan & Yu, 2021; Yecies, 2016).…”
Section: Movie Macroeconomicsmentioning
confidence: 99%