Economic impact studies

Trine Bille ()

Chapter 10 in Teaching Cultural Economics, 2020, pp 69-77 from Edward Elgar Publishing

Abstract: Economic impact studies are frequently used to show the economic impact of a cultural institution or an event in terms of increased employment and turnover. Both the arts sector and politicians have used these studies to argue for public support. The chapter describes the method and its limitations. The underlying theory in the form of input–output models and multiplier effects are explained, as well as the method’s limitations when it comes to serving as an argument for public support. The method is discussed in detail based on a case study, namely an economic impact study of ‘Aarhus, Denmark, the European Capital of Culture, 2017’.

Keywords: Economics and Finance; Teaching Methods (search for similar items in EconPapers)
Date: 2020
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