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An economic perspective on special events

Author

Listed:
  • Trevor Mules
  • Bill Faulkner

Abstract

Special events are widely recognized as having a tourism impact and frequently form part of the tourism strategy of a country, or a destination region within a country. Governments in Australia and elsewhere have increasingly taken to funding such events as deliberate policies of tourism promotion and economic development. Australian examples are used to frame an approach to the economic evaluation of such policies. The analysis of economic impact of an event needs to identify clearly the region of interest, and the expenditure that is new to the region because of the event. A full evaluation should encompass social and promotional impacts. These are identifiable, but they are difficult to quantify.

Suggested Citation

  • Trevor Mules & Bill Faulkner, 1996. "An economic perspective on special events," Tourism Economics, , vol. 2(2), pages 107-117, June.
    • Handle: RePEc:sae:toueco:v:2:y:1996:i:2:p:107-117
    DOI: 10.1177/135481669600200201
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    Cited by:

    1. Krystian M. Zawadzki & Marcin Potrykus, 2023. "Stock Markets’ Reactions to the Announcement of the Hosts. An Event Study in the Analysis of Large Sporting Events in the Years 1976–2032," Journal of Sports Economics, , vol. 24(6), pages 759-800, August.
    2. Costa, Carla A. & Chalip, Laurence & Christine Green, B. & Simes, Caet, 2006. "Reconsidering the Role of Training in Event Volunteers' Satisfaction," Sport Management Review, Elsevier, vol. 9(2), pages 165-182, September.
    3. Gibson, Heather J. & Kaplanidou, Kyriaki & Kang, Sung Jin, 2012. "Small-scale event sport tourism: A case study in sustainable tourism," Sport Management Review, Elsevier, vol. 15(2), pages 160-170.
    4. Ziakas, Vassilios & Costa, Carla A., 2011. "Event portfolio and multi-purpose development: Establishing the conceptual grounds," Sport Management Review, Elsevier, vol. 14(4), pages 409-423.
    5. Ana Tezak & Darko Saftic & Zdravko Sergo, 2011. "Relationship Between Cultural/Artistic Events Visitation And Other Activity-Based Tourism Segments," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 20(1), pages 121-135, june.
    6. Jesyca Salgado-Barandela & à ngel Barajas & Patricio Sánchez-Fernández, 2021. "Sport-event portfolios: An analysis of their ability to attract revenue from tourism," Tourism Economics, , vol. 27(3), pages 436-454, May.
    7. Yiche Wang & Hai Li & Yong Shi & Qian Yao, 2022. "A Study on Spatial Accessibility of the Urban Stadium Emergency Response under the Flood Disaster Scenario," Sustainability, MDPI, vol. 14(24), pages 1-15, December.
    8. Rolfe, John, 2019. "Simple economic frameworks to evaluate public investments in sporting events in regional Australia," Economic Analysis and Policy, Elsevier, vol. 63(C), pages 35-43.
    9. Petri Lintumäki & Hannes Winner & Sabrina Scheiber & Anna Mederle & Martin Schnitzer, 2020. "The Economic Impact of Participant Sports Events: A Case Study for the Winter World Masters Games 2020 in Tyrol, Austria," Economies, MDPI, vol. 8(4), pages 1-23, November.
    10. Mules, Trevor, 1998. "Taxpayer Subsidies for Major Sporting Events," Sport Management Review, Elsevier, vol. 1(1), pages 25-43, November.
    11. Welty Peachey, Jon & Borland, John & Lobpries, Jami & Cohen, Adam, 2015. "Managing impact: Leveraging sacred spaces and community celebration to maximize social capital at a sport-for-development event," Sport Management Review, Elsevier, vol. 18(1), pages 86-98.
    12. Kelly, Donna M. & Fairley, Sheranne, 2018. "What about the event? How do tourism leveraging strategies affect small-scale events?," Tourism Management, Elsevier, vol. 64(C), pages 335-345.
    13. Phi, Giang & Dredge, Dianne & Whitford, Michelle, 2014. "Understanding conflicting perspectives in event planning and management using Q method," Tourism Management, Elsevier, vol. 40(C), pages 406-415.
    14. Aleksandra Krajnovic & Ivana Paula Gortan-Carlin, 2017. "Strategic Management In Cultural Tourism With Emphasis On Event Management: The Case Study Of Croatia," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 26(2), pages 791-812, december.
    15. Shin, Youngsun, 2008. "Peace Festival Project as Culture Commidified in DMZ Area, Korea," MPRA Paper 25371, University Library of Munich, Germany, revised 27 Mar 2008.

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