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The Economic Impact of Cultural Institutions: Measuring the Value

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  • Salvaggio, Salvino A.

Abstract

This brief review paper explores the economic impact of cultural institutions, focusing on three critical areas: the indicators and methodologies for impact assessment, the broad benefits of cultural investments, and the roles of cultural tourism and public spending. The synthesis draws on diverse sources to suggest that a comprehensive understanding of these factors is crucial for redefining the roles of cultural managers beyond artistic custodianship to agents of economic development, significantly influencing local and broader economic landscapes.

Suggested Citation

  • Salvaggio, Salvino A., 2024. "The Economic Impact of Cultural Institutions: Measuring the Value," OSF Preprints n7rgb, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:n7rgb
    DOI: 10.31219/osf.io/n7rgb
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    1. Kitty Carlisle Hart, 1984. "Changing Public Attitudes Toward Funding of the Arts," The ANNALS of the American Academy of Political and Social Science, , vol. 471(1), pages 45-56, January.
    2. Dragan Klaic, 2009. "The economy of arts festivals: an elusive, untransparent dimension," Economia della Cultura, Società editrice il Mulino, issue 3, pages 317-324.
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