Culture-led city brands as economic engines: theory and empirics
Beatriz Plaza (),
Paz Moral-Zuazo and
The Annals of Regional Science, 2015, vol. 54, issue 1, 179-196
Cultural re-imaging through iconic art museums aims to create symbolic capital for a place in the form of creative images, reputation and associations with innovation. While literature has long identified architectural uniqueness as a potential driver of brand competitiveness, we argue diffusion of that image is equally important. This work draws upon economic concepts from other cultural industries (such as film, music and art) to develop a framework for understanding how cultural brands are built: How reproducible images of singular architecture accumulate in the media to strengthen a brand. We then test an art brand’s impact on visitors. This work aims to offer evidence that the Guggenheim Museum Bilbao brand generates tourism to the city of Bilbao. By understanding how iconic cultural infrastructures create symbolic capital, policy makers may better tailor similar culture-led branding strategies to other places. Copyright The Author(s) 2015
Keywords: Z1 Cultural Economics; R1 Urban Economics (search for similar items in EconPapers)
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