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Lead–lag relationship between household cultural expenditures and business cycles

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  • Masaki Katsuura

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  • Masaki Katsuura, 2012. "Lead–lag relationship between household cultural expenditures and business cycles," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 36(1), pages 49-65, February.
    • Handle: RePEc:kap:jculte:v:36:y:2012:i:1:p:49-65
    DOI: 10.1007/s10824-011-9155-1
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    1. repec:ebl:ecbull:v:26:y:2007:i:1:p:1-9 is not listed on IDEAS
    2. Ginsburgh, Victor & Jeanfils, Philippe, 1995. "Long-term comovements in international markets for paintings," European Economic Review, Elsevier, vol. 39(3-4), pages 538-548, April.
    3. Allan Layton & Masaki Katsuura, 2001. "A new turning point signalling system using the Markov switching model with application to Japan, the USA and Australia," Applied Economics, Taylor & Francis Journals, vol. 33(1), pages 59-70.
    4. Throsby, David, 1994. "The Production and Consumption of the Arts: A View of Cultural Economics," Journal of Economic Literature, American Economic Association, vol. 32(1), pages 1-29, March.
    5. Victoria Ateca-Amestoy, 2008. "Determining heterogeneous behavior for theater attendance," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 32(2), pages 127-151, June.
    6. Francesca Borgonovi, 2004. "Performing arts attendance: an economic approach," Applied Economics, Taylor & Francis Journals, vol. 36(17), pages 1871-1885.
    7. Kim, Chang-Jin, 1994. "Dynamic linear models with Markov-switching," Journal of Econometrics, Elsevier, vol. 60(1-2), pages 1-22.
    8. Victoria Ateca - Amestoy, 2007. "Cultural capital and demand," Economics Bulletin, AccessEcon, vol. 26(1), pages 1-9.
    9. Juan Prieto-Rodríguez & Víctor Fernández-Blanco, 2000. "Are Popular and Classical Music Listeners the Same People?," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 24(2), pages 147-164, May.
    10. Hamilton, James D., 1990. "Analysis of time series subject to changes in regime," Journal of Econometrics, Elsevier, vol. 45(1-2), pages 39-70.
    11. Louis Lévy-Garboua & Claude Montmarquette, 1996. "A microeconometric study of theatre demand," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 20(1), pages 25-50, March.
    12. Charles Gray, 1998. "Hope for the Future? Early Exposure to the Arts and Adult Visits to Art Museums," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 22(2), pages 87-98, June.
    13. Becker, Gary S & Murphy, Kevin M, 1988. "A Theory of Rational Addiction," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 675-700, August.
    14. Leslie Singer & Gary Lynch, 1997. "Are Multiple Art Markets Rational?," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 21(3), pages 197-218, September.
    15. Hamilton, James D, 1989. "A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle," Econometrica, Econometric Society, vol. 57(2), pages 357-384, March.
    16. Stigler, George J & Becker, Gary S, 1977. "De Gustibus Non Est Disputandum," American Economic Review, American Economic Association, vol. 67(2), pages 76-90, March.
    17. Chang-Jin Kim & Charles R. Nelson, 1999. "State-Space Models with Regime Switching: Classical and Gibbs-Sampling Approaches with Applications," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262112388, April.
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    Cited by:

    1. Gómez-Antonio, Miguel & del Moral Arce, Ignacio & Hortas-Rico, Miriam, 2022. "Are VAT reforms an effective tool for promoting culture? A quasi-experiment in Spain," Journal of Policy Modeling, Elsevier, vol. 44(5), pages 1016-1040.
    2. Victoria Ateca-Amestoy & Javier Gardeazabal & Arantza Ugidos, 2020. "On the response of household expenditure on cinema and performing arts to changes in indirect taxation: a natural experiment in Spain," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 44(2), pages 213-253, June.
    3. Miguel Gómez-Antonio & Ignacio del Moral Arce & Miriam Hortas-Rico, 2022. "Are vat reforms an effective tool for promoting the consumption of culture? Evidence from a quasiexperiment in Spain," Working Papers. Collection A: Public economics, governance and decentralization 2203, Universidade de Vigo, GEN - Governance and Economics research Network.
    4. Molina, Jose Alberto & Campaña, Juan Carlos & Ortega, Raquel, 2015. "Time dedicated by consumers to cultural goods: Determinants for Spain," MPRA Paper 68430, University Library of Munich, Germany.

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    More about this item

    Keywords

    Cultural expenditure; Income elasticity of demand; Business cycle; Regime-switching model; Lead–lag table; C22; E32; Z11;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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