Cinema Demand in Spain: A Cointegration Analysis |
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| Authors: | VÍctor FernÁndez Blanco JosÉ F BaÑos Pino |
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| Institution: | (1) Department of Economics, University of Oviedo, Oviedo, Spain |
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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.
This revised version was published online in August 2006 with corrections to the Cover Date. |
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| Keywords: | cultural economics cinema demand elasticity cointegration analysis |
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