Development of regional economic growth in key states in Mexico through filmmaking

Abstract

Mexico has a rich history in the film industry which traditionally has been financed under the secretariat of culture from the federal and state levels. Throughout the years, there have been several incentives by various local governments to try to regenerate goods and services in this sector through grants, and cultural policies as has happened in other similar developing countries that have begun to see filmmaking as a means of building national identity and economic growth. This study offers a combination of evaluations in order to measure the effect of certain factors within the industry through the use of a linear regression model, annual growth rate estimate, and financial analysis of grants directed towards this industry as an attempt to provide a complete measure for future cultural-economic policy evaluation in these types of creative-cultural industries. Results show that the evaluation of the industry can provide insights into the resilience of these sectors in a geographic state, that the economic-health crisis might offer an opportunity to resurge growth within these creative-cultural industries, and that subsidies and grants do affect its overall growth, and sustainability.