CREATIVE INDUSTRIES AND THE COVID-19 PANDEMIC – CALL FOR CHAPTERS

By Elisa Salvador, Trilce Navarrete and Andrej Srakar

We end this academic year of EconomistsTalkArt.org posts with description of a new call for book chapters, related to the prevailing topic of the moment, the COVID-19 pandemic and its consequences for creative industries. The Routledge monograph with accepted contributions will be published in 2021 and edited by three editors of this blog, Elisa Salvador, Trilce Navarrete and Andrej Srakar.

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DOES MUSIC SOOTHE THE SOUL?

By Jonathan Daniel Gómez‐Zapata, Luis César Herrero‐Prieto, and Beatriz Rodríguez‐Prado

AP3218

Music is linked to human senses and emotions and is one of the most important manifestations of mankind’s creativity as well as being a factor that forges individual identity and realisation. Music also has implications in an area’s social, cultural and economic configuration, such that it helps to define collective and geographical cultural idiosyncrasy, and may also help to shape long-term economic development. Music can act as a powerful tool for progress and social change since it is particularly suited to dealing with risk factors amongst the young, such as helping to reduce crime levels, fostering peace amongst communities and improving individuals’ socioemotional health and quality of life. Continue reading “DOES MUSIC SOOTHE THE SOUL?”

EFFECTS OF COVID-19 IN BRAZILIAN CULTURAL ECONOMICS

By Ana Flávia Machado, Débora Freire, Rodrigo Cavalcante Michel, Gabriel Vaz de Melo, and Alice Demattos Guimarães

Benguele

The Covid-19 global pandemic has drastically changed routines in worldwide. Given the high capacity of this virus reproduction, the most effective measure is social isolation. In this context, certain economic activities which are based on consumption outside the home and shared with other individuals, i.e.: sessions in movie theatres, live performances (theatre, dance, concerts, etc.), visits to galleries and museums, are and will be significantly affected by the current pandemic. Therefore, our objective is to discuss the Brazilian cultural sector, projecting the impacts of the shutdown of cultural activities outside home in both the cultural sector and broadly in the economy. Continue reading “EFFECTS OF COVID-19 IN BRAZILIAN CULTURAL ECONOMICS”

LEVERAGING ANALYTICS TO PRODUCE COMPELLING AND PROFITABLE FILM CONTENT

By Ronny Behrens, Natasha Zhang Foutz, Michael Franklin, Jannis Funk, Fernanda Gutierrez-Navratil, Julian Hofmann and Ulrike Leibfried

In light of the rising availability of big data and the fast evolution and diffusion of analytical methods in the creative industries, content producers are faced with manifold opportunities, but also feel the pressure to leverage those resources to create more compelling and profitable content. Dissecting state-of-the-art research as well as current industry developments and embedding them in theories of value creation and film production, we identified key analytic techniques that producers can utilize to their benefit at various stages of film production.

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THE ROLE OF ART INVESTMENT AS A HEDGE OR SAFE HAVEN

By Belma Öztürkkal and Asli Togan-Egrican

Can art can be considered a safe haven during volatile times or a hedging option in general? we analyze long-term art auction sales data focusing on and around financial crisis periods in a volatile emerging market. Our findings suggest Turkish art returns are either negatively correlated or at low correlation with other investments, including the equity market.

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TOO HEAVILY TAXED TO AFFORD IT? VAT AND CULTURAL GOODS

By Victoria Ateca-Amestoy, Javier Gardeazabal and Arantza Ugidos

There is a very scarce tradition of cultural policy evaluation. Many public programs are devoted to increase cultural access by means of direct or indirect funding of cultural activities, targeting either consumers or producer. In this entry, we comment on the causal inference analysis that we did of the 2012 VAT reform for cultural services and its effect on household’s participation and expenditure.

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