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Events as boosters of the regional economy

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  • Krammer, Laurey-Anne
  • Heijman, Wim

Abstract

Events are increasingly being used as a means to boost regional economic development through tourism, but are they truly effective to this end? In this article we attempted to answer this question by measuring the impact of the Christmas Festival ‘Magisch Maastricht’ on the economy of the municipality of Maastricht in the Netherlands. We used input output analysis by which we calculated the number of additional jobs per sector created by the spending of visitors during the event. The results show that the impact on the urban economy is significant.

Suggested Citation

  • Krammer, Laurey-Anne & Heijman, Wim, 2014. "Events as boosters of the regional economy," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 116(1), pages 1-2, April.
    • Handle: RePEc:ags:stagec:165987
    DOI: 10.22004/ag.econ.165987
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    References listed on IDEAS

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    1. Timo Tohmo, 2004. "New Developments in the Use of Location Quotients to Estimate Regional Input-Output Coefficients and Multipliers," Regional Studies, Taylor & Francis Journals, vol. 38(1), pages 43-54.
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