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Keywords

economics, music, econometrics, america, gdp, prosperity, upbeatness

Abstract

If music influences people, what influences music? Intuitively, it is inspired by cultural traditions, changes in technology, and the zeitgeist of nations. On an even deeper level, it is inspired by demand. People will not buy music that does not give them utility. Now, how can someone know what type of music is in demand, or will be in demand? What factors influence music demand, and by studying these can future music trends be predicted? The purpose of this study is to discover how the economic well-being of a nation influences the demand for certain types of music, and if the measurements of economic well-being can be used to predict future music trends. The study uses date from the One Million Songs Database and the Federal Reserve Economic Data. Using Ordinary Least Squares regression, it determines the correlation between how upbeat music is with the fiscal health of the nation.

Description

The Annual Mary Lou Fulton Mentored Research Conference showcases some of the best student research from the College of Family, Home, and Social Sciences. The mentored learning program encourages undergraduate students to participate in hands-on and practical research under the direction of a faculty member. Students create these posters as an aide in presenting the results of their research to the public, faculty, and their peers.

Document Type

Poster

Publication Date

2017-03-28

Language

English

College

Family, Home, and Social Sciences

Department

Economics

University Standing at Time of Publication

Senior

Course

Intro to Econometrics, Econ 388

American Prosperity Faces the Music

Included in

Economics Commons

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