Cinema Demand in Spain: A Cointegration Analysis

Authors: BLANCO V.F.; BAÑOS PINO J.F.

Source: Journal of Cultural Economics, Volume 21, Number 1, 1997 , pp. 57-75(21)

Publisher: Springer

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Abstract:

In this paper we explain the decline in cinema attendance in Spain since 1968. We use a cointegration analysis to estimate an individual demand function for cinema, with annual data and in terms of average attendance per inhabitant. We find that cinema is a luxury good and that its demand is elastic with respect to its price. We also show that television acts as a deterrent with regard to cinema attendance.

Keywords: cultural economics; cinema; demand; elasticity; cointegration analysis

Language: English

Document Type: Regular paper

Affiliations: 1: Department of Economics, University of Oviedo, Oviedo, Spain

Publication date: 1997-01-01