The Economic Impact of Cultural Institutions: Measuring the Value

Salvino A. PhD Salvaggio

No n7rgb_v1, OSF Preprints from Center for Open Science

Abstract: This brief review paper explores the economic impact of cultural institutions, focusing on three critical areas: the indicators and methodologies for impact assessment, the broad benefits of cultural investments, and the roles of cultural tourism and public spending. The synthesis draws on diverse sources to suggest that a comprehensive understanding of these factors is crucial for redefining the roles of cultural managers beyond artistic custodianship to agents of economic development, significantly influencing local and broader economic landscapes.

Date: 2024-06-03
New Economics Papers: this item is included in nep-evo
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:n7rgb_v1

DOI: 10.31219/osf.io/n7rgb_v1

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