The Indian film industry in a changing international market.

Journal article


Ghosh Dastidar, Sayantan and Elliott, Caroline 2019. The Indian film industry in a changing international market. Journal of Cultural Economics. https://doi.org/10.1007/s10824-019-09351-6
AuthorsGhosh Dastidar, Sayantan and Elliott, Caroline
Abstract

India has a longstanding reputation for its acclaimed film industry and continues to be by far the world’s largest producer of films. Nevertheless, domestic demand for films appears to be waning as in a number of developed countries with mature film industries. Hence, the econometric analysis in this paper is particularly timely as with demand for films in Indian cinemas falling it is important to identify those factors that make films appealing for Indian audiences. An original dataset is utilised that includes data on all Bollywood films released in India between 2011 and 2015. Account is taken of the potential endogeneity between variables through the use of the Generalised Method of Moments approach. Results are used to demonstrate how the Indian film market can continue to have a significant positive impact on the Indian economy. The discussion highlights appropriate film production company strategies and Government policy responses that should be considered to ensure the continued success of the Indian film industry both domestically and in an increasingly competitive international market.

KeywordsIndia; institutions; competition; film performance; quality signals
Year2019
JournalJournal of Cultural Economics
PublisherSpringer
ISSN0885-2545
1573-6997
Digital Object Identifier (DOI)https://doi.org/10.1007/s10824-019-09351-6
Web address (URL)http://hdl.handle.net/10545/623760
hdl:10545/623760
Publication dates03 May 2019
Publication process dates
Deposited16 May 2019, 16:32
Accepted16 Apr 2019
ContributorsUniversity of Derby and Aston University
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