Research-based policy analysis and commentary
By Bronwyn Coate & Robert Hoffmann
Cultural markets and industries are rife with behaviour at odds with traditional economic assumptions. Evidence of this is found in some of the perennial issues within cultural economics such as how to address non-market valuation and market failure.
Continue reading “THE BEHAVIOURAL ECONOMICS OF CULTURE”By Chiara Dalle Nogare and
The recent narrative on museums as catalysts of innovation considers their relations with other cultural and creative industries to be very important. To verify this claim, we propose a conceptual framework qualifying these relations as either strong, moderate, or weak links, according to their potential in terms of knowledge spillovers from museums to the CCIs. We apply this classification to data collected from Polish museums. Our findings indicate that strong links are outnumbered by moderate and weak ones.
Continue reading “DO MUSEUMS FOSTER INNOVATION THROUGH ENGAGEMENT WITH THE CULTURAL AND CREATIVE INDUSTRIES?”By Silvia Cerisola
The idea that cultural heritage may have a positive impact on economic development has been spreading for the last twenty years. However, its contribution is often just assumed or thought to occur exclusively through the touristic channel. A new perspective considers instead that cultural heritage can enhance regional performance also through some more sophisticated mechanisms, one of them being multidimensional creativity. Continue reading “FROM CULTURAL HERITAGE TO DEVELOPMENT THROUGH CREATIVITY”
By Luis César Herrero-Prieto
Those of us who practise and study in the field of cultural economics often find ourselves being called ‘the happy few’. It is true that there are few of us who are followers if we compare ourselves in number to those in other areas of, let us say, mainstream knowledge in economics, although one does sometimes get the feeling that we make up one tight-knit group with our regular meetings, and it is indeed astonishing to see the enthusiasm of those who form part of this community. Nowhere else can you find scholars who believe so passionately in what they are contributing and in what they are unearthing, probably because what they discover and what they study are linked to feelings and deep-rooted perceptions of human nature such as emotion, beauty or identity. Continue reading “SIEC 2019: THE HAPPY FEW, ALBEIT FURTHER AND FURTHER AWAY”
By Andrej Srakar and Marilena Vecco
The estimation of the economic effects of cultural events is a topic that has stirred numerous debates in cultural economics. Although economic impact studies and contingent valuation have been the most frequently used methods, both suffer from numerous problems. In this article, we use ex-post econometric verification as a new and promising method in cultural economics in the estimation of the economic effects of cultural events and apply it to the estimation of the effects of the 2012 European Capital of Culture Maribor on tourism and employment.
By Pedro Gomes and Alejandro Librero-Cano
We measure the regional impact of the European Capital of Culture programme using a difference-in-differences approach. GDP per capita in hosting regions is 4.5 % higher compared to non-hosting regions during the event, and the effect persists more than 5 years after it. This result suggests that the economic dimension of the event is important and supports claims that the event serves as catalyst for urban regeneration and development.
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