Economic impacts of arts and culture

We understand the economic impact of arts and culture to mean specifically the benefit to the economy derived through employment within the cultural sector, export or sales of cultural goods and services, and activity within the cultural sector that has a broader commercial component or spin-off.

The summaries in this category are:

How European Capitals of Culture attempt to stimulate growth

This research was conducted by Greg Richards at Tilburg University, The Netherlands.
Summary
Event-led regeneration policies – and in particular the European Capital of Culture programme – have become popular elements of urban and economic policy. The paper reviews the history and development of the European Cultural Capital event, and analyses […]

By |11 December 2014|

Instilling innovation: an economic defence of arts and crafts

This research was conducted by Rex LaMore and eight others at Michigan State University, USA
Summary
This study examined the artistic experiences of many scientific and technological innovators. Arts education and training can foster one’s ability to innovate – which the authors refer to as ‘creative capacity’ – in an economically […]

By |22 April 2014|

Successful cultural districts increase employment and income

This research was conducted by Douglas S. Noonan at Indiana University-Purdue University, USA
Summary
The paper takes a look at the impacts that ‘cultural districts’ had on their neighbourhoods, towns and cities. Specifically the research analysed data from 99 cultural districts in the US to examine whether cultural districts increased income, employment, […]

By |10 April 2014|

Calculating the economic value of a museum

This research was conducted by Timo Tohmo at the University of Jyväskylä, Finland
Summary
This study attempted to find the economic value of a museum to its local population. The museum in questions was the Museum of Central Finland in the town of Jyväskylä. The research used the economic techniques of willingness-to-pay […]

By |10 April 2014|

The economic impact of music festivals is determined by size and location

This research was conducted by Melville Saayman and Andrea Saayman at North-West University, South Africa
Summary
This paper examined the economic impact of arts festivals in South Africa and found that the size of the economic impact was related to the size and location of the town hosting the event. This was because […]

By |10 April 2014|

Salamanca, Capital of Culture 2002, generated an economic impact of €701.5m

This research was conducted by Luis César Herrero, José Ángel Sanz, María Devesa, Ana Bedate and María José del Barrio at the University of Valladolid, Spain
Summary
The paper analysed a range of data to calculate the economic impact of the European Capital of Culture coming to Salamanca in the Castilla y León […]

By |10 April 2014|