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The Economic Impact of Cultural Events: The Umbria Jazz Music Festival

Author

Listed:
  • Bruno Bracalente
  • Cecilia Chirieleison
  • Massimo Cossignani
  • Luca Ferrucci
  • Marina Gigliotti
  • M. Giovanna Ranalli

Abstract

This paper assesses the economic impact of a cultural event on a local economy. The event analysed is the Umbria Jazz music festival, which is held annually in July in the city of Perugia in Italy. The relevance of this case study concerns the methodological problems involved in estimating the number of visitors attracted by an event characterized by numerous free concerts. In addition, through the choice of the components of expenditure and the impact analysis model, the proposed approach represents an advanced synthesis of the paths which have been developing in the literature.

Suggested Citation

  • Bruno Bracalente & Cecilia Chirieleison & Massimo Cossignani & Luca Ferrucci & Marina Gigliotti & M. Giovanna Ranalli, 2011. "The Economic Impact of Cultural Events: The Umbria Jazz Music Festival," Tourism Economics, , vol. 17(6), pages 1235-1255, December.
    • Handle: RePEc:sae:toueco:v:17:y:2011:i:6:p:1235-1255
    DOI: 10.5367/te.2011.0096
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    References listed on IDEAS

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    1. Timo Tohmo, 2005. "Economic Impacts of Cultural Events on Local Economies: An Input—Output Analysis of the Kaustinen Folk Music Festival," Tourism Economics, , vol. 11(3), pages 431-451, September.
    2. Ricardo Gazel & R. Schwer, 1997. "Beyond Rock and Roll: The Economic Impact of the Grateful Dead on a Local Economy," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 21(1), pages 41-55, March.
    3. Calvin Jones, 2008. "Assessing the Impact of a Major Sporting Event: The Role of Environmental Accounting," Tourism Economics, , vol. 14(2), pages 343-360, June.
    4. J.D. Snowball & G.G. Antrobus, 2002. "Valuing The Arts," South African Journal of Economics, Economic Society of South Africa, vol. 70(8), pages 1297-1319, December.
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    Citations

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    1. Attanasi, Giuseppe & Casoria, Fortuna & Centorrino, Samuele & Urso, Giulia, 2013. "Cultural investment, local development and instantaneous social capital: A case study of a gathering festival in the South of Italy," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 47(C), pages 228-247.
    2. Martí Selva, Mª Luisa & Puertas Medina, Rosa, 2012. "Impacto económico de la celebración de un evento deportivo: Campeonato del Mundo de MotoGP en Valencia/Economic Impact of a Sporting Event: MotoGP World Champonship in Valencia," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 30, pages 683-702, Agosto.
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    4. Eric Beckman & Mark Traynor, 2019. "Utilizing trade market analysis to identify the economic impact of a multiday special event in Miami Beach, Florida," Tourism Economics, , vol. 25(2), pages 253-273, March.
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    11. Johannes Glückler & Robert Panitz, 2023. "Live Music in the Time of Corona: On the Resilience and Impact of a Philharmonic Orchestra on the Urban Economy," Sustainability, MDPI, vol. 15(4), pages 1-14, February.
    12. Haiyan Huang & Luke Lunhua Mao & Suk-Kyu Kim & James J. Zhang, 2014. "Assessing the Economic Impact of Three Major Sport Events in China: The Perspective of aTtendees," Tourism Economics, , vol. 20(6), pages 1277-1296, December.

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