Harsh public budget constraints which reduce the public funding available to cultural operators, are likely to impose radical changes in their strategies. However, this “bad news” may give cultural operators the chance to re-think their mission in line with the new set of incentives they...

This paper lies in the intersection of two strands of economic literature, one analysing the features of tourism supply and the other investigating the role of UNESCO World Heritage List (WHL) in the enhancement of local development. The paper aims at evaluating the performance of tourism...

This paper takes a time series analysis approach to evaluate the directions of causality between tourism flows, on the one side, and museum and monument attendance, on the other. We consider Italy as a case study, and analyze monthly data over the period January 1996 to December 2007. All...

This article questions the assumption that exchange rates are non-seasonal and provides selected evidence of monthly time series of exchange rates in which significant seasonal components are present. However, the seasonal component appears to be absent in more recent data. Tentative...

The purpose of this paper is to investigate the relation between the economic resilience and cultural behaviour, resorting to the evidence provided by the 20 Italian regions at the time of the Great recession. We consider specific cultural behaviours, which provide a specific meaning of culture;...

In this paper we investigate whether the services offered by museums are affected by the choices of neighbors, and we discuss whether the evidence can document that competition processes are at work. Specifically, we take into account the Italian case, where governmental and private museums...

This paper shows that the standard result according to which labour-managed firms produce a lower amount of output, as compared to profit-maximising firms, is reversed if production per se gives utility and the workers’ membership of labour-managed firms is set prior to market decisions. Under...

The presence of information externality, and the consequent necessity of public intervention to amend the effect of market failure, has been deeply analysed in the case of scientific research. In this Note we argue that the same point is particularly appropriate also in the case of arts: the...

– The purpose of this article is to describe the evolution of the tourism industry in Italy during the recent years of the so-called ‘Great recession’ (2008-12). We highlight the most prominent features of the changes occurred in both the supply and the demand side, over these years. We...

This paper aims to evaluate whether and how the free admittance to museums and monuments affects the charged visits. We take the Italian state museums and monuments as the case study, and we consider monthly data, aggregate at the national level, from January 1996 to December 2015. Within a...