 Just Dance? The Economic Effects of the Ultra Europe Music Festival in SplitŽilić Ivan ()
Zagreb International Review of Economics and Business, 2024, vol. 27, issue 2, 133-151 Abstract: This paper identifies the economic impacts of the Ultra Europe Music Festival, a popular electronic music festival taking place in the city of Split. Using publicly available daily tax data on fiscalised amounts and the number of receipts, we examine the festival’s effects on taxable consumption of accommodation, food and drink services, retail, and taxi services. To isolate the causal effects, we employ two-way difference-in-difference and two-way event study on a daily frequency and county level, with other Dalmatian Adriatic counties as controls. Results reveal temporary positive effects on the consumption of food and drink services, taxi services, and, to a lesser extent, retail. However, no significant impact on accommodation is recorded, arguably due to the prevalence of non-fiscalised accommodation in private households. The positive effects on taxable dimensions of consumption are concentrated on festival days, with spillover effects present on the day following the event. Keywords: Ultra Europe Music Festival; economic effects; public policy evaluation; fiscalisation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:vrs:zirebs:v:27:y:2024:i:2:p:133-151:n:1006 Access Statistics for this article Zagreb International Review of Economics and Business is currently edited by Jurica Šimurina More articles in Zagreb International Review of Economics and Business from Sciendo |
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