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Measuring economic value of cultural institutions: cultural sector efficiency in public policy

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  • O. Bychkova

Abstract

Today, many cultural institutions like museums, theaters or libraries, are considered as major economic agents who can have a profound economic impact. This paper reviews different approaches to analyze economic value and efficiency of cultural institutions in public policy; it also discusses the major arguments that explain the evolving roles of those institutions in society. The shortcomings of the evaluation approaches are also discussed.

Suggested Citation

  • O. Bychkova, 2016. "Measuring economic value of cultural institutions: cultural sector efficiency in public policy," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 6.
    • Handle: RePEc:nos:voprec:y:2016:id:208
    DOI: 10.32609/0042-8736-2016-6-116-130
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