Measuring economic value of cultural institutions: cultural sector efficiency in public policy

O. Bychkova ()

Voprosy Ekonomiki, 2016, issue 6

Abstract: Today, many cultural institutions like museums, theaters or libraries, are considered as major economic agents who can have a profound economic impact. This paper reviews different approaches to analyze economic value and efficiency of cultural institutions in public policy; it also discusses the major arguments that explain the evolving roles of those institutions in society. The shortcomings of the evaluation approaches are also discussed.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2016:id:208

DOI: 10.32609/0042-8736-2016-6-116-130

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