Abstract
In the introduction to a recent special edition of the Journal of Travel Research (Volume 45, 2006), Tyrrell and Johnson define economic impact analysis as seeking “to estimate changes in regional spending, output, income and/or employment associated with tourism policy, events, facilities or destinations”. As discussed in the previous chapter, there are a number of good reasons that economic impact data may be very useful in valuing an arts event or cultural facility. As long as it is always presented as a partial value, that is, as long as it is always acknowledged that the economic impact figure is not capturing all value, such a figure can be a powerful way to demonstrate the worth of a particular project.
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(2008). Calculating Economic Impact. In: Measuring the Value of Culture. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-74360-6_4
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