The economy of arts festivals: an elusive, untransparent dimension

Dragan Klaic

Economia della Cultura, 2009, issue 3, 317-324

Abstract: The article sketches out a possible agenda for the economic research of the contemporary artistic festivals in Europe, pointing out the raise of their expenditure and probing the relationship between the for-profit and nonprofit festivals. Behind an obsession with growth the author reveals a hidden economy of symbolic capital (trust, voluntary work, income redistribution) that fails to appear on the balance sheets. Economic potential of the festivals lies in the recycling of the cultural capital and talent retention for the local communities, according the author. He challenges some common assumptions about the negative impact of the economic recession 2008/2009 on the festivals and outlines how the recession could stimulate their institutional development and prompt the public authorities to base their funding decisions on monitoring and evaluation.

Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.rivisteweb.it/download/article/10.1446/31104 (application/pdf)
https://www.rivisteweb.it/doi/10.1446/31104 (text/html)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mul:jkrece:doi:10.1446/31104:y:2009:i:3:p:317-324

Access Statistics for this article

Economia della Cultura is currently edited by Paolo Leon

More articles in Economia della Cultura from Società editrice il Mulino
Bibliographic data for series maintained by ().