Evaluating three decades of the European Capital of Culture programme: a difference-in-differences approach

Pedro Gomes and Alejandro Librero-Cano ()
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Alejandro Librero-Cano: King’s College London

Journal of Cultural Economics, 2018, vol. 42, issue 1, No 4, 57-73

Abstract: Abstract We measure the regional impact of the European Capital of Culture programme using a difference-in-differences approach. We compare the regions of cities that hosted the event with the regions of cities that tried to host it but did not succeed. GDP per capita in hosting regions is 4.5 % higher compared to non-hosting regions during the event, and the effect persists more than 5 years after it. This result suggests that the economic dimension of the event is important and supports claims that the event serves as catalyst for urban regeneration and development.

Keywords: European Capital of Culture; Difference-in-differences; Culture-led regeneration (search for similar items in EconPapers)
JEL-codes: R10 R58 Z10 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (7)

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DOI: 10.1007/s10824-016-9281-x

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