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economic impact of culture
Francisco Marco-Serrano

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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

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economic impact of culture
●PhD thesis: Three Case Studies about the
Economic Impact of Culture; and Impactrimonio,
a dedicated software package for its estimation.
→ Ceramics Museum
→ Energy Museum
→ Heritage restoration

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economic impact of culture
● Since 1995, created and led
by Pau Rausell
● I have been collaborating in
different roles since 1998
More at: http://www.uv.es/econcult/pdf/dossier_econcult_english.pdf

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economic impact of culture
W. LEONTIEF
INPUT-OUTPUT
MODEL
NOBEL PRIZE
1973
Image source:http://en.wikipedia.org/wiki/File:Leontief-Harvard.jpg

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economic impact of culture
C+I+NX
IC + GVA

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economic impact of culture
TOTAL DEMAND (q) = i + f
INTERMEDIATE DEMAND = A q
(i) (f)
TECHNICAL COEFFICIENTS MATRIX (A)

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economic impact of culture
FROM THE LEONTIEF MATRIX
WE OBTAIN THE MULTIPLIERS
SO THEN, BEING ABLE TO
ASSESS TOTAL ECONOMIC
IMPACT FOR EVERY SECTOR
OR ACTIVITY

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economic impact of culture

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economic impact of culture

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economic impact of culture
CONTINGENT 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% CONFIDENCE
121 VALID (8.2%) p=q=50%, e=8.9%
1.34 EUR (municipal rates increase) → 70K EUR

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economic impact of culture

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economic impact of culture