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Beyond Rock and Roll: The Economic Impact of the Grateful Dead on a Local Economy

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  • Ricardo Gazel
  • R. Schwer
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    Abstract

    For-profit popular music concerts, a seldom studied event, may create sizeable economic impacts in a local economy. Using information from a survey of more than 1,000 concert goers to a Grateful Dead performance in Las Vegas and RIMS II multipliers, we estimate income and employment impacts. We conclude that the potential large spill-overs effects of such an event should not be ignored. Copyright Kluwer Academic Publishers 1997

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    File URL: http://hdl.handle.net/10.1023/A:1007372721259
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    Bibliographic Info

    Article provided by Springer in its journal Journal of Cultural Economics.

    Volume (Year): 21 (1997)
    Issue (Month): 1 (March)
    Pages: 41-55

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    Handle: RePEc:kap:jculte:v:21:y:1997:i:1:p:41-55

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    Web page: http://www.springerlink.com/link.asp?id=100284

    Related research

    Keywords: economic impact; Input-Output models; performing arts; Grateful Dead;

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    1. R. Keith Schwer & Dan S. Rickman, 1995. "A comparison of the multipliers of IMPLAN, REMI, and RIMS II: Benchmarking ready-made models for comparison," The Annals of Regional Science, Springer, vol. 29(4), pages 363-374.
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    Cited by:
    1. Dick Stanley & Judy Rogers & Sandra Smeltzer & Luc Perron, 2000. "Win, Place or Show: Gauging the Economic Success of the Renoir and Barnes Art Exhibits," Journal of Cultural Economics, Springer, vol. 24(3), pages 243-255, August.
    2. Maria Llop & Josep-Maria Arauzo-Carod, 2012. "Economic impact of a new museum on the local economy: “the Gaudí Centre”," Letters in Spatial and Resource Sciences, Springer, vol. 5(1), pages 17-23, March.
    3. Joshua Guetzkow, 2002. "How the Arts Impact Communities: An introduction to the literature on arts impact studies," Working Papers 44, Princeton University, Woodrow Wilson School of Public and International Affairs, Center for Arts and Cultural Policy Studies..
    4. Aliza Fleischer & Daniel Felsenstein, 2002. "Cost-Benefit Analysis Using Economic Surpluses: A Case Study of a Televised Event," Journal of Cultural Economics, Springer, vol. 26(2), pages 139-156, May.
    5. Maria Llop & Josep-Maria Arauzo-Carod, 2012. "Identifying the economic impact behind a cultural asset: an input–output subsystems analysis," The Annals of Regional Science, Springer, vol. 49(3), pages 861-877, December.
    6. Calvin Jones & Max Munday, 2004. "Evaluating the Economic Benefits from Tourism Spending through Input-Output Frameworks: Issues and Cases," Local Economy, Taylor and Francis Journals, vol. 19(2), pages 117-133, May.
    7. Julia Hiscock & David E. Hojman, 2004. "Where Have All the Flowers Gone? Coase Theorem Failures in English Summer Cultural Events: The Case of Sidmouth International Festival," Research Papers 200406, University of Liverpool Management School.

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