TY - JOUR

T1 - State regulation of the art market: global trends, experience of various countries and prerequisites for regional economic growth

AU - Пашкус, Вадим Юрьевич

AU - Кольцова, Анна Александровна

AU - Пашкус , Наталия Анатольевна

AU - Пашкус, Маргарита Вадимовна

N1 - Koltsova A., Pashkus V., Pashkus N., Pashkus M. State Regulation of the Art Market: Global Trends, Experience of Various Countries and Prerequisites For Regional Economic Growth // SHS WEB OF CONFERENCES. Vol 129: The 21st International Scientific Conference Globalization and its Socio-Economic Consequences, 2021. P. 08009.

PY - 2022/1/10

Y1 - 2022/1/10

N2 - Background of Research: In a global economy, where individual regions,cities and countries cannot demonstrate their uniqueness and attractiveness,the presence of a developed art market on their territory can contribute to thegrowth of their competitiveness. A well-developed art market is highlyprofitable itself and it has a strong impact on the intangible companies, citiesand countries involved in deals, tradesmen or organizers and hosting globalart events. As a result, the global attractiveness of economic entities, theirproducts and services increases significantly.Purpose of the article: In this article, the problem of finding effectivemeasures of state regulation of the market. and prerequisites for regionaleconomic growth.Methods: The paper presents a comparative analysis of measures of stateregulation of works of art, applied in different countries, used econometricmethods and methods of matrix hierarchical analysis.Findings & Value added: With the help of econometric dependencies, theindirect influence of the high activity of the country's art market and itsturnover on the growth of the country's GDP through both direct financialinfluence and additional qualitative dependencies is substantiated.Regularities of the influence of a developed art market on the brand of theterritory and the region to which it belongs are obtained, which allows us topropose a mechanism for the formation of a positive image of the city, regionand country in the global economy, as well as the development of theattributes of its cultural brand.

AB - Background of Research: In a global economy, where individual regions,cities and countries cannot demonstrate their uniqueness and attractiveness,the presence of a developed art market on their territory can contribute to thegrowth of their competitiveness. A well-developed art market is highlyprofitable itself and it has a strong impact on the intangible companies, citiesand countries involved in deals, tradesmen or organizers and hosting globalart events. As a result, the global attractiveness of economic entities, theirproducts and services increases significantly.Purpose of the article: In this article, the problem of finding effectivemeasures of state regulation of the market. and prerequisites for regionaleconomic growth.Methods: The paper presents a comparative analysis of measures of stateregulation of works of art, applied in different countries, used econometricmethods and methods of matrix hierarchical analysis.Findings & Value added: With the help of econometric dependencies, theindirect influence of the high activity of the country's art market and itsturnover on the growth of the country's GDP through both direct financialinfluence and additional qualitative dependencies is substantiated.Regularities of the influence of a developed art market on the brand of theterritory and the region to which it belongs are obtained, which allows us topropose a mechanism for the formation of a positive image of the city, regionand country in the global economy, as well as the development of theattributes of its cultural brand.

KW - art market

KW - state regulation of the art market

KW - breakthrough positioning

KW - knowledge society

KW - global competitiveness of the country

UR - https://www.mendeley.com/catalogue/0198a5dc-87a8-3003-836e-a20611cf3091/

U2 - 10.1051/shsconf/202112908009

DO - 10.1051/shsconf/202112908009

M3 - Conference article

VL - 129

JO - SHS Web of Conferences

JF - SHS Web of Conferences

SN - 2261-2424

M1 - 08009

Y2 - 12 October 2022 through 13 October 2022

ER -