Teaching Cultural Economics
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Teaching Cultural Economics

Edited by Trine Bille, Anna Mignosa and Ruth Towse

Teaching Cultural Economics is the first book of its kind to offer inspiration and guidance for teaching cultural economics through short chapters, a wide scope of knowledge and teaching cases by experienced teachers who are expert in the topic.
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Chapter 10: Economic impact studies

Trine Bille

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’.

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