Discussion Paper

No. 2016-8 | February 19, 2016
Effects of Oscar Awards on Movie Production


This article tests the effects of Oscar awards on the production of feature films. Time series data for Spain over the 1953–2014 period are used and a production function is estimated assuming that the Oscar effects accrue through the total factor productivity. A lag structure is introduced which allows for a general specification so that the Oscar awards could have constant or diminishing effects over time. The results show that the Oscar wins have significant positive effects on movie production and that some of them have caused structural breaks, while others have vanishing effects over time. The results are fairly robust to the introduction of control variables and different methods of estimation.

JEL Classification:

Z10, L82, C13


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Cite As

Betty Agnani and Henry Aray (2016). Effects of Oscar Awards on Movie Production. Economics Discussion Papers, No 2016-8, Kiel Institute for the World Economy. http://www.economics-ejournal.org/economics/discussionpapers/2016-8

Comments and Questions

Anonymous - Referee Report 1
February 24, 2016 - 11:46

see attached file

Anonymous - Answer comment 1
March 02, 2016 - 13:07

A pdf file is attached