Logo PTI Logo icrmat

Proceedings of the 2021 International Conference on Research in Management & Technovation

Annals of Computer Science and Information Systems, Volume 28

An Investigation Into Movement Of Advertising Expenditure Of India In The Backdrop Of Covid-19

DOI: http://dx.doi.org/10.15439/2021KM47

Citation: Proceedings of the 2021 International Conference on Research in Management & Technovation, Vu Dinh Khoa, Shivani Agarwal, Gloria Jeanette Rincon Aponte, Nguyen Thi Hong Nga, Vijender Kumar Solanki, Ewa Ziemba (eds). ACSIS, Vol. 28, pages 105109 ()

Full text

Abstract. The purpose of this paper is to examine the relationship between GDP growth rate and growth rate of advertising expenditure and to analyze the advertising expenditure in different media with special focus on 2020 pandemic period. Secondary data was used for this study which was obtained from Economic survey 2020-21, Pitch Madison Report 2021 and Pitch Madison Advertising Report 2020. It was found that advertising expenditure moved in tandem with GDP and different media had experienced a major change in their share in total advertising expenditure. The study estimate an increase in advertising expenditure with growth in GDP in future.

References

  1. B. Chang and S. Chan-Olmsted, "Relative Constancy of Advertising Spending", Gazette (Leiden, Netherlands), vol. 67, no. 4, pp. 339-357, 2005. Available: 10.1177/0016549205054283.
  2. F. Callahan, "Advertising and Economic Development", International Journal of Advertising, vol. 5, no. 3, pp. 215-224, 1986. Available: 10.1080/02650487.1986.11106972.
  3. J. Jones, "Is Total Advertising Going Up or Down?", International Journal of Advertising, vol. 4, no. 1, pp. 47-64, 1985. Available: 10.1080/02650487.1985.11105043.
  4. R. Swerdlow and V. Blessios, "A Model for Predicting Advertising Expenditures: An Inter-Industry Comparison", International Journal of Advertising, vol. 12, no. 2, pp. 143-153, 1993. Available: 10.1080/02650487.1993.11104532.
  5. G. Hooley and J. Lynch, "How UK Advertisers Set Budgets", International Journal of Advertising, vol. 4, no. 3, pp. 223-231, 1985. Available: 10.1080/02650487.1985.11105065.
  6. R. Ostheimer, “Magazine advertising during recessions”, Journal of Advertising Research, vol. 20, no. 6, pp. 11-16, 1980.
  7. R. Picard, "Effects of Recessions on Advertising Expenditures: An Exploratory Study of Economic Downturns in Nine Developed Nations", Journal of Media Economics, vol. 14, no. 1, pp. 1-14, 2001. Available: 10.1207/s15327736me1401_01.
  8. N. Borden, "Findings of the Harvard Study on the Economic Effects of Advertising", Journal of Marketing, vol. 6, no. 4, pp. 89-99, 1942. Available: 10.2307/1246089.
  9. T. Kamber, "The brand manager's dilemma: Understanding how advertising expenditures affect sales growth during a recession", Journal of Brand Management, vol. 10, no. 2, pp. 106-120, 2002. Available: 10.1057/palgrave.bm.2540109.
  10. R. Picard, "U. S. Newspaper Ad Revenue Shows Consistent Growth", Newspaper Research Journal, vol. 23, no. 4, pp. 21-33, 2002. Available: 10.1177/073953290202300402.
  11. R. Picard and T. Rimmer, "Weathering A Recession: Effects of Size and Diversification on Newspaper Companies", Journal of Media Economics, vol. 12, no. 1, pp. 1-18, 1999. Available: 10.1207/s15327736me1201_1.
  12. R. Linnett and W. Friedman, “Magazines pay the price of TV recovery”, Advertising Age, vol. 73, no. 35, pp. 1-2, 2002.
  13. C. Bush, “On the substitutability of local newspaper, radio, and television advertising in local business sales (Media Bureau Staff Research Papers, 2002–2010)”, Federal Communications Commission, 2002. Available: https://docs.fcc.gov› public › attachments
  14. R. van der Wurff, P. Bakker and R. Picard, "Economic Growth and Advertising Expenditures in Different Media in Different Countries", Journal of Media Economics, vol. 21, no. 1, pp. 28-52, 2008. Available: 10.1080/08997760701806827.
  15. Ministry of Finance, Government of India, "Economic Survey, 2020-21 Statistical Appendix", Department of Economic Affairs, Ministry of Finance, Government of India, Delhi, 2021.
  16. Madison World, "Pitch Madison Report 2021", Verizon Media, 2021.
  17. Madison World, "Pitch Madison Advertising Report 2020", Madison Media, 2020.
  18. Ministry of Finance, Government of India, "Economic Survey, 2020-21 Volume 2", Department of Economic Affairs, Ministry of Finance, Government of India, Delhi, 2021.