MAKING CULTURE CAPITAL: EVALUATING THREE DECADES OF THE EUROPEAN CAPITAL OF CULTURE

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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August 29, 2017 2

DO CULTURAL MEGA EVENTS RAISE HAPPINESS?

By Lasse Steiner, Bruno S. Frey and Simone Hotz

Does hosting the prestigious European Capital of Culture event influence the life satisfaction of the local population? We find a negative effect on the well-being of the regional population during the event. Better educated people suffer less as they benefit from the extended cultural supply.

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November 21, 2015 2