This paper analyzes whether hosting the most prestigious European cultural event, the European Capital of Culture, has …

Engel equations and present stylized facts regarding cultural spending. Culture activities are a key indicator of a society … find that culture behaves as a luxury good with income (expenditure) elasticities of cultural spending around 2. Further … household heads allocate a lower share of the budget to culture. …

Several types of arguments advocate state involvement in the promotion of culture. Many of them imply some sort of … excise taxation on culture only as a way to redistribute income. However, to the extent that culture is a public good, taxing …

Trends in arts and culture tend to be longer-lasting and less fragile than in other fields such as clothing design … relative and absolute concentration in the television business. It is concluded that by being exposed to art and culture people …

commercial actitivities induced is measured by the so-called “impact effect”. On the other hand, the value of culture is …