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On Some Challenges and Conditions for the Guggenheim Museum Bilbao to be an Effective Economic Re-activator

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  • BEATRIZ PLAZA

Abstract

The mission of a museum is essentially cultural, however this is not the case for all museums. There are a minority of universally famous museums, like the Tate Liverpool, the Guggenheim Museum Bilbao, the Tate Modern London, the new forthcoming Louvre-Lens (France), the Guggenheim-Hermitage in Vilnius (Lithuania) and the Guggenheim Abu Dhabi (United Arab Emirates) whose principal aim is the re-activation (and/or the diversification) of the economy of their territories, in addition to the obvious cultural aim. The effectiveness of a large heritage investment in developing a city depends on at least four variables. First, heritage investments become effective employment creators only to the extent that they become effective tourism magnets. Second, the impact of investments on cultural heritage could be negative if the heritage industry is a big portion of the whole economy. Third, the more the redevelopment zone's markets are integrated, the easier the absorption of price tensions caused by urban revitalization. Fourth, the greater the productivity of the city's economy, the greater the absorption of price tensions. The aim of this essay is to give empirical support to these hypotheses for the case of Bilbao and the Guggenheim Museum. Copyright (c) 2008 The Author. Journal Compilation (c) 2008 Joint Editors and Blackwell Publishing Ltd.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal International Journal of Urban and Regional Research.

Volume (Year): 32 (2008)
Issue (Month): 2 (06)
Pages: 506-517

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Handle: RePEc:bla:ijurrs:v:32:y:2008:i:2:p:506-517

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Cited by:
  1. Brida, Juan Gabriel & Monterubbianesi, Pablo Daniel & Zapata Aguirre, Sandra, 2012. "Análisis de los factores que afectan la repetición de la visita a una atracción cultural: una aplicación al museo de Antioquia
    [Analysis of factors affecting repeat visit to a cultural attracti
    ," MPRA Paper 37622, University Library of Munich, Germany.
  2. Roberto Cellini & Tiziana Cuccia, 2013. "Museum and monument attendance and tourism flow: a time series analysis approach," Applied Economics, Taylor & Francis Journals, vol. 45(24), pages 3473-3482, August.
  3. JG. Brida & M. Pulina & E. Riaño, 2010. "Visitors’ experience in a modern art museum: a structural equation model," Working Paper CRENoS 201026, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
  4. Plaza, Beatriz & Haarich, Silke, 2008. "The Guggenheim Museum Bilbao in scientific journals: Asymmetries between the American art perspective and the European regional planning viewpoint," MPRA Paper 10751, University Library of Munich, Germany.
  5. Federica Codignola, 2011. "Contemporary Art Firms and Value Creation in Global Cities," Symphonya. Emerging Issues in Management, University of Milano-Bicocca, issue 2 Global , pages 48-59.
  6. Antonio Russo & Alan Quaglieri Domínguez, 2012. "The nexus between creative workforce and economic development: looking for the causal relation," ERSA conference papers ersa12p364, European Regional Science Association.
  7. Beatriz Plaza & Pilar Gonzalez-Casimiro & Paz Moral-Zuazo & Courtney Waldron, 2013. "Culture-led City Brands as Economic Engines: Theory and Empirics," ACEI Working Paper Series AWP-05-2013, the Association for Cultural Economics International, revised Oct 2013.
  8. JG. Brida & M. Meleddu & M. Pulina, 2011. "Museum visitors can be regarded as specific cultural tourists? A length of stay analysis," Working Paper CRENoS 201114, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.

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