Pub Date : 2022-01-01Epub Date: 2022-06-10DOI: 10.1007/s10824-022-09450-x
Ellen Loots, Diana Betzler, Trine Bille, Karol Jan Borowiecki, Boram Lee
This Special Issue seeks to address the perennial question of support options for the cultural and creative industries (exacerbated due to the impact of COVID-19) by bringing together articles that examine and explain various dynamics in CCI financing and funding. The articles in the Issue are diverse in their approaches, methods and data. They range from conceptual, qualitative, and case studies, to analyses based on survey data and granular 'big data'. The articles mainly address digital fundraising technologies and investment practices. Strikingly absent in this collection of studies are modes of funding in which governments and public providers occupy center stage. Innovation in financing and funding appears to be more the result of new modalities (i.e., technology-driven) than of fundamental shifts in thoughts about how the cultural economy could be approached and how the CCI should be financially sustained. The articles in the Issue suggest the emergence of a new funding paradigm, which steps away from a clear demarcation between public and private in terms of interests and financing modes. This new paradigm embraces collaborative funding mechanisms such as crowdfunding, incubator and accelerator finance, and other pooled investments, as well as digital fundraising technologies that facilitate new modes of asset finance and tokenized funding. Future research themes are being suggested: the merging of project funding with structural budgets, the emergence of new business models and improved labor market conditions due to technology-driven aids, shifts in transaction costs, and issues related to regulation and legislation.
{"title":"New forms of finance and funding in the cultural and creative industries. Introduction to the special issue.","authors":"Ellen Loots, Diana Betzler, Trine Bille, Karol Jan Borowiecki, Boram Lee","doi":"10.1007/s10824-022-09450-x","DOIUrl":"10.1007/s10824-022-09450-x","url":null,"abstract":"<p><p>This Special Issue seeks to address the perennial question of support options for the cultural and creative industries (exacerbated due to the impact of COVID-19) by bringing together articles that examine and explain various dynamics in CCI financing and funding. The articles in the Issue are diverse in their approaches, methods and data. They range from conceptual, qualitative, and case studies, to analyses based on survey data and granular 'big data'. The articles mainly address digital fundraising technologies and investment practices. Strikingly absent in this collection of studies are modes of funding in which governments and public providers occupy center stage. Innovation in financing and funding appears to be more the result of new modalities (i.e., technology-driven) than of fundamental shifts in thoughts about how the cultural economy could be approached and how the CCI should be financially sustained. The articles in the Issue suggest the emergence of a new funding paradigm, which steps away from a clear demarcation between public and private in terms of interests and financing modes. This new paradigm embraces collaborative funding mechanisms such as crowdfunding, incubator and accelerator finance, and other pooled investments, as well as digital fundraising technologies that facilitate new modes of asset finance and tokenized funding. Future research themes are being suggested: the merging of project funding with structural budgets, the emergence of new business models and improved labor market conditions due to technology-driven aids, shifts in transaction costs, and issues related to regulation and legislation.</p>","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"46 1","pages":"205-230"},"PeriodicalIF":1.9,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9185720/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42070056","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-01Epub Date: 2021-09-08DOI: 10.1007/s10824-021-09430-7
Richard J Paulsen
This study uses American Community Survey data to examine the impact of the Great Recession on college graduates majoring in the arts. Arts graduates play important roles in an economy, through both artistic creation and in careers outside of the arts. While the Great Recession took a significant toll on the US economy generally, arts majors faced additional vulnerabilities as industries that rely on discretionary spending, like the arts and entertainment, are especially hard hit in times of economic downturn. This paper assesses the impact of graduating during or shortly after the recession relative to graduating shortly before this period on educational choices, including choice of major, double majoring, and completing an advanced degree, and career outcomes, including employment status, type of employment, hours worked, and earnings, for college graduates majoring in the arts. Graduating before or after the recession is found to have a negative impact on the share of graduates majoring in traditional arts fields, but a positive impact on the share majoring in related creative fields. Using a difference-in-difference estimation strategy, relative to non-art college graduates, traditional arts majors graduating during or after the Great Recession are more likely to complete a double major, be self-employed, be unemployed, work longer hours, and earn less income than those graduating prior to the recession. These impacts are likely to have a negative effect on the pipeline of college-educated artists working in the arts into the future.
{"title":"Arts majors and the Great Recession: a cross-sectional analysis of educational choices and employment outcomes.","authors":"Richard J Paulsen","doi":"10.1007/s10824-021-09430-7","DOIUrl":"10.1007/s10824-021-09430-7","url":null,"abstract":"<p><p>This study uses American Community Survey data to examine the impact of the Great Recession on college graduates majoring in the arts. Arts graduates play important roles in an economy, through both artistic creation and in careers outside of the arts. While the Great Recession took a significant toll on the US economy generally, arts majors faced additional vulnerabilities as industries that rely on discretionary spending, like the arts and entertainment, are especially hard hit in times of economic downturn. This paper assesses the impact of graduating during or shortly after the recession relative to graduating shortly before this period on educational choices, including choice of major, double majoring, and completing an advanced degree, and career outcomes, including employment status, type of employment, hours worked, and earnings, for college graduates majoring in the arts. Graduating before or after the recession is found to have a negative impact on the share of graduates majoring in traditional arts fields, but a positive impact on the share majoring in related creative fields. Using a difference-in-difference estimation strategy, relative to non-art college graduates, traditional arts majors graduating during or after the Great Recession are more likely to complete a double major, be self-employed, be unemployed, work longer hours, and earn less income than those graduating prior to the recession. These impacts are likely to have a negative effect on the pipeline of college-educated artists working in the arts into the future.</p>","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"46 1","pages":"635-658"},"PeriodicalIF":1.9,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8425011/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46587329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-11-07DOI: 10.1007/s10824-021-09435-2
M. Getzner
{"title":"Socio-economic and spatial determinants of municipal cultural spending","authors":"M. Getzner","doi":"10.1007/s10824-021-09435-2","DOIUrl":"https://doi.org/10.1007/s10824-021-09435-2","url":null,"abstract":"","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"46 1","pages":"699 - 722"},"PeriodicalIF":2.7,"publicationDate":"2021-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48164585","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-15DOI: 10.1007/s10824-021-09432-5
Joanna Woronkowicz
{"title":"Arts, Entrepreneurship, and Innovation","authors":"Joanna Woronkowicz","doi":"10.1007/s10824-021-09432-5","DOIUrl":"https://doi.org/10.1007/s10824-021-09432-5","url":null,"abstract":"","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"45 1","pages":"519 - 526"},"PeriodicalIF":2.7,"publicationDate":"2021-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44480719","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-09-08DOI: 10.1007/s10824-021-09428-1
J. Droege
{"title":"First impression biases in the performing arts: taste-based discrimination and the value of blind auditioning","authors":"J. Droege","doi":"10.1007/s10824-021-09428-1","DOIUrl":"https://doi.org/10.1007/s10824-021-09428-1","url":null,"abstract":"","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"46 1","pages":"391 - 437"},"PeriodicalIF":2.7,"publicationDate":"2021-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49504458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-08DOI: 10.1007/s10824-021-09427-2
L. Pagani
{"title":"Diana S. Greenwald: Painting by numbers—data-driven histories of nineteenth-century art, Princeton University Press, 2021","authors":"L. Pagani","doi":"10.1007/s10824-021-09427-2","DOIUrl":"https://doi.org/10.1007/s10824-021-09427-2","url":null,"abstract":"","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"45 1","pages":"735 - 738"},"PeriodicalIF":2.7,"publicationDate":"2021-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10824-021-09427-2","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44503037","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-07-27DOI: 10.1007/s10824-021-09426-3
Federico Etro, D. Noonan
{"title":"Pommerehne Prize, President’s Prize and Young Researchers Workshop Best Paper Award","authors":"Federico Etro, D. Noonan","doi":"10.1007/s10824-021-09426-3","DOIUrl":"https://doi.org/10.1007/s10824-021-09426-3","url":null,"abstract":"","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"45 1","pages":"513 - 514"},"PeriodicalIF":2.7,"publicationDate":"2021-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10824-021-09426-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44131609","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-07-10DOI: 10.1007/s10824-021-09424-5
Rachel Lau, B. Krause
{"title":"Preferences for perceived attractiveness in modern dance","authors":"Rachel Lau, B. Krause","doi":"10.1007/s10824-021-09424-5","DOIUrl":"https://doi.org/10.1007/s10824-021-09424-5","url":null,"abstract":"","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"46 1","pages":"483 - 517"},"PeriodicalIF":2.7,"publicationDate":"2021-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10824-021-09424-5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43875176","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-07-07DOI: 10.1007/s10824-021-09431-6
Abigail Leblanc, S. Sheppard
{"title":"Women artists: gender, ethnicity, origin and contemporary prices","authors":"Abigail Leblanc, S. Sheppard","doi":"10.1007/s10824-021-09431-6","DOIUrl":"https://doi.org/10.1007/s10824-021-09431-6","url":null,"abstract":"","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"46 1","pages":"439 - 481"},"PeriodicalIF":2.7,"publicationDate":"2021-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44472121","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-07-01DOI: 10.1007/s10824-021-09425-4
D. Liu, P. Courty
{"title":"Some economics of movie exhibition: increasing returns and Imax revenue premium","authors":"D. Liu, P. Courty","doi":"10.1007/s10824-021-09425-4","DOIUrl":"https://doi.org/10.1007/s10824-021-09425-4","url":null,"abstract":"","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"46 1","pages":"597 - 634"},"PeriodicalIF":2.7,"publicationDate":"2021-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10824-021-09425-4","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47493440","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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