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Economic impact of culture

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I introduce my PhD thesis work-in-progress. The project is founded in the basis of the economic impact in terms of production, GVA, and employment that culture brings to a region. Impactrimonio, a web-based tool that is being developed is introduced as well as part of the thesis.

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Economic impact of culture

  1. 1. economic impact of culture Francisco Marco-Serrano
  2. 2. economic impact of culture● PhD thesis: Work-in-progress● Thanks to professional work with academic teams from Spain● Plus, funding received from the Spanish Ministry of Culture
  3. 3. economic impact of culture●PhD thesis: Three Case Studies about theEconomic Impact of Culture; and Impactrimonio,a dedicated software package for its estimation. → Ceramics Museum → Energy Museum → Heritage restoration
  4. 4. economic impact of culture ● Since 1995, created and led by Pau Rausell ● I have been collaborating in different roles since 1998More at: http://www.uv.es/econcult/pdf/dossier_econcult_english.pdf
  5. 5. economic impact of culture W. LEONTIEF INPUT-OUTPUT MODEL NOBEL PRIZE 1973Image source:http://en.wikipedia.org/wiki/File:Leontief-Harvard.jpg
  6. 6. economic impact of culture C+I+NX IC + GVA
  7. 7. economic impact of culture TOTAL DEMAND (q) = i + f INTERMEDIATE DEMAND = A q(i) (f) TECHNICAL COEFFICIENTS MATRIX (A)
  8. 8. economic impact of culture FROM THE LEONTIEF MATRIX WE OBTAIN THE MULTIPLIERS SO THEN, BEING ABLE TO ASSESS TOTAL ECONOMICIMPACT FOR EVERY SECTOR OR ACTIVITY
  9. 9. economic impact of culture
  10. 10. economic impact of culture
  11. 11. economic impact of cultureCONTINGENT VALUATION CAWI software METHOD (CVM) 61K CITIZENS 29K HOUSEHOLDS NOV 25K LANDLINES 2011 20K # AVAILABLE TOO BAD!!!1.5K PHONECALLS Simple Random Sample (SRS) 95% CONFIDENCE121 VALID (8.2%) p=q=50%, e=8.9% 1.34 EUR (municipal rates increase) → 70K EUR
  12. 12. economic impact of culture
  13. 13. economic impact of culture

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