Are Local and Foreign Cultural Goods Substitutes or Complements? Evidence from the “Bel Paese”

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The basic question we would like to answer in this paper is whether cultural goods located in different regions are substitutes or complements. In other words: does the local supply of culture stimulate its demand? The answer to this question provides guidance to the efficient allocation of cultural resources.
To give an answer to the question we adopt two different econometric strategies, one based on individual data on Italian Museums and the other based on aggregate data on the demand and supply of tourism in Italy. Both analyses suggest that local and foreign cultural goods are complements.

Keywords: Economics of Arts, Applied Economics, Cultural Policy
Stream: Arts Policy, Management and Advocacy
Presentation Type: Paper Presentation in English
Paper: A paper has not yet been submitted.

Nadia Campaniello

Ph.D Candidate, Interuniversity Centre on Law, Economics and Institutions (CLEI) promoted by:
-   Centre de Recherche en Gestion of Ecole Polytechnique, (Paris, France);
-   Cornell Law School (Ithaca, NY);
-  Centre for Advanced Studies in Law & Economics at Universiteit van Gent (Gent,   Belgium);
- University of Turin (Department of Economics "S. Cognetti de Martiis", Department of  Economics and Finance "G. Prato", Law Faculty)

Torino, Italy

I graduated in Economics with a thesis on the Euro-Mediterranean Partnership. My strong interest in the field of international cooperation and my willingness to work in a multicultural environment induced me to apply, successfully, to the Master in “Management of Development” at the International Training Centre of the International Labour Organization. I am now a Ph.D. candidate in an international programme in “Law, Economics and Institutions” and I will defend my thesis by February 2009. In one of papers of my papers I focussed on Economics of arts: “Are Local and Foreign Cultural Goods Substitutes or Complements? Evidence from the “Bel Paese”. Furthermore I could cope with this research topic in the "Progetto CAPITALE CULTURALE. Cultura motore di sviluppo per Torino. Edizione 2007-2009. Rapporto 2007".

Ref: A09P0533