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We analyze long-term art auction sales data focusing on and around financial crisis periods with other investment returns to understand whether art can be considered a safe haven during volatile times or a hedging option in general by analyzing art auction data in a volatile emerging market. Our...
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periods of crisis such as the World Wars, economic recessions, inflationary periods, and changes in monetary policy. By …
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during world wars, economic recessions, financial crises, inflationary periods, and changes in monetary policy. We …
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Arts proponents frequently argue that the arts have a positive impact on the economy, yet this assertion is not … supported by satisfactory statistical testing. Using the U.S. Gross Domestic Product (GDP) and National Arts Index (NAI), this … study seeks to verify the contention that arts activities enhance economic growth. The test results signify, at the national …
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