Report: Finance, Flowers and Festivals — A Case Study of Little Economic Impact

Chris Ryan
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Chris Ryan: Department of Management Systems, Massey University, Private Bag 11-222, Palmerston North, New Zealand

Tourism Economics, 1995, vol. 1, issue 2, 183-194

Abstract: There are many small community-based festivals which attract public sector funding. Such funding might be justified upon economic grounds of job creation and image re-creation. This paper describes one such festival, and highlights a discrepancy between the economic justification for support and the eventual revenue flows. Such results are not uncommon in studies of major events and public sector initiatives such as urban renewal, but it is not without interest that similar findings are paralleled in smaller community events. However, one factor often overlooked is that community festivals may retain discretionary leisure expenditure within a district that might otherwise be lost.

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:1:y:1995:i:2:p:183-194

DOI: 10.1177/135481669500100205

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