Abstract
Economic impact studies can be used for valuing all sort of cultural goods, but especially those that attract large numbers of tourists (and thus tourist spending) from outside the impact area. This means that, while there are certain exceptions, like the “superstar” museums discussed by Frey (1998) and “blockbuster” art exhibits (Skinner 2006), the economic impact method is most commonly applied to cultural events, but can also include not-for-profit cultural sectors within a particular region.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Antrobus, G., Williams, V., Fryer, D., Khumalo, B., Streak, J. & Webb, A., (1997) The economic impact of the 1996 Standard Bank National Arts Festival. Department of Economics, Rhodes University: Grahamstown
Aspden, P and Clark, A. (2004) High brow, low blows. Financial Times Magazine 19/06/04
Blumenthal, R. (2002) Festivals, festivals everywhere: Summer arts events multiply, testing the limits of growth. New York Times 30/07/02
Cohen, C. and Pate, M. (2000) Making a meal of arts evaluation: can social audit offer a more balanced approach? Managing Leisure 5:103–120.
Crompton, J. (1995) Economic impact analysis of sports facilities and events: Eleven sources of misapplication. Journal of Sports Management 9:14–35.
Crompton, J. (1999) The economic impact of sports tournaments and events. Parks and Recreation 34,9:142–151.
Crompton, J., Lee, S. and Schuster, T. (2001) A guide for undertaking economic impact studies: The Springfest example. Journal of Travel Research 40:79–87.
Crompton, J. (2006) Economic impact studies: Instruments for political shenanigans? Journal of Travel Research 45:67–82.
Florida, R. (2002) The Rise of the Creative Class. Basic Books, New York
Frey, B. (2005) What values should count in the arts? The tension between economic effects and cultural value. Institute for Empirical Research in Economics, University of Zurich. Working paper no. 253.
Goldman, G. and Nakazawa, A. (1997) Determining economic impacts for a community. Economic Development Review 15,1:48–52.
Gazel, R. and Schwer, K. (1997) Beyond rock and roll: The economic impact of the Grateful Dead on a local economy. Journal of Cultural Economics 21:41–55.
Guetzkow, J. (2002) How the arts impact communities. Taking the Measure of Culture conference, Center for Arts and Cultural Policy Studies, Princeton University Working Paper Series.
Heaney, J. and Heaney, M. (2003) Using economic impact analysis for arts management: An empirical application to a music institute in the USA. International Journal of Nonprofit and Voluntary Sector Marketing 8,3:251–266.
Herrero, L., Sanz, J., Devesa, M., Bdate, A. and Del Barrio, M. (2004) Economic impact of cultural macrofestivals: the case study of Salamanca 2002, European capital of culture. Presented at the 13th International Conference on Cultural Economics, Association for Cultural Economics International.
Johnson, A. and Sack, A. (1996) Assessing the value of sports facilities: the importance of non-economic factors. Economic Development Quarterly 10,4:369–382
Liu, J. (2005) Tourism and the value of culture in regions. The Annals of Regional Science 39:1–9.
Madden, C. (1998) “Discussion paper: The economic benefits of art. Creative New Zealand [On line] Available: www.creativenz.gov.nz [Accessed 13/08/04].
Madden, C. (2001) Using economic impact studies in arts and cultural advocacy: a cautionary note. Media International Australia incorporating Culture and Policy. Feb,98:161–178.
Matarasso, F. (1997) Use of Ornament? The social impact of participation in the arts. Comedia [On line] Available: http://www.comedia.org.uk/pages/pdf/downloads/use_or_ornament.pdf [Accessed 18/05/07]
McCarthy, K, Ondaatje, E., Zakaras, L. and Brooks, A. (2004) Gift of the Muse: Reframing the debate about the benefits of the arts. Rand Corporation: Santa Monica, Arlington and Pittsburgh.
McGuigan, J. (2005) Neo-liberalism, culture and policy. International Journal of Cultural Policy 11:229–241.
Quinn, B. (2005) Arts festivals and the city. Urban Studies 42:927–943
Quinn, B. (2006) Problematising ‘festival tourism’: Arts festivals and sustainable development in Ireland. Journal of Sustainable Tourism 14:288–306
Rushton, M. (2006) The creative class and urban economic growth revisited. Paper presented at the 14th International Conference of the Associated for Cultural Economics International, Vienna.
Seaman, B. (1987) Arts impact studies: A fashionable excess. Towse, R. (Ed.) 1997 Cultural economics: the arts, the heritage and the media industries Vol. 2 Edward Elgar: Cheltenham.
Seaman, B. (2003) The economic impact of the arts in Handbook of Cultural Economics. Towse, R. (ed) Edward Elgar.
Snowball, J. D. and Antrobus, G. (2001) Consumer Research: A survey of visitors at the 2001 National Arts Festival, Grahamstown. Department of Economics, Rhodes University: Grahamstown. Commissioned by the Grahamstown Foundation.
Tyrrell, T. and Johnson, R. (2006) The economic impacts of tourism: A special issue. Journal of Travel Research 45:3–7.
Visser, G. (2005) Let’s be festive: Exploratory notes on festival tourism in South Africa. Urban Forum 16:155–175
Vogelsong, H., Graefe, A. and Estes, C. (2001) Economic impact analysis: A look at useful methods. Parks and Recreation 36,3:28–33.
Rights and permissions
Copyright information
© 2008 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
(2008). Using Economic Impact Studies to Value the Arts. In: Measuring the Value of Culture. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-74360-6_3
Download citation
DOI: https://doi.org/10.1007/978-3-540-74360-6_3
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-74355-2
Online ISBN: 978-3-540-74360-6
eBook Packages: Business and EconomicsEconomics and Finance (R0)