The Great Beauty: Public Subsidies in the Italian Movie Industry

The Great Beauty: Public Subsidies in the Italian Movie Industry

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...

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Bibliographic Details
Published in:Italian economic journal Vol. 1; no. 3; pp. 445 - 455
Main Authors: Meloni, G., Paolini, D., Pulina, M.
Format: Journal Article
Language:English
Published: Cham Springer International Publishing 01-11-2015
Subjects:
Economics
Economics and Finance
European Integration
Research Paper
Z18
Awards
C23
Public subsidies
Movie industry
Box office
Online Access:Get full text
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Description
Summary: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.
ISSN:2199-322X
2199-3238
DOI:10.1007/s40797-015-0021-8