Modern aspects of the development of Economics of culture and mechanisms of its financing

Teplyakova S.O.1
1 Казанский (Приволжский) федеральный университет, Russia

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Journal paper

Journal of International Economic Affairs (РИНЦ, ВАК)
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Volume 9, Number 3 (July-September 2019)

Citation:

Teplyakova, S. O. (2019). Modern aspects of the development of Economics of culture and mechanisms of its financing. Journal of International Economic Affairs, 9(3), 2031-2040. https://doi.org/10.18334/eo.9.3.40932

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=41243687
Cited: 1 by 07.12.2023

Abstract:
The article is devoted to the transformation of the Economics of culture in modern conditions and the mechanisms of its financing. The author proposes the definition of the Economics of culture from the standpoint of a systematic approach and modern trends in the development of this industry. The article deals with the statistics of financing the Economics of culture in the structure of federal budget expenditures, characterized by relative stability of indicators along with a small amount in absolute terms and in relation to the total volume of expenditures and in comparison with GDP. Within the framework of direct financing, the practice of implementing projects in the field of culture using the mechanism of public-private partnership as the most effective way of implementing municipal and regional projects is presented. Special attention is paid to crowdfunding as a mechanism for financing small projects in the field of culture.

Keywords: public-private partnerships, financing, economics of culture, crowd-funding, digitalization

JEL-classification: L32, Z10, Z18

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   Formation of social capital by enhancing the effectiveness of the cost of providing services in the field of culture (Пименов С.В.) Creative Economy. Num. 6 / 2009

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