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The Bilbao effect (Guggenheim Museum Bilbao)

Author

Listed:
  • Plaza, Beatriz

Abstract

When a decaying industrial city in Spain’s Basque country decided in the 1990s to spend $228.3 million on a modern art museum, critics objected to squandering so much public money on something so irrelevant and exclusive. This year is the Guggenheim Museum Bilbao’s (GMB) tenth anniversary, sufficient time since its opening to evaluate the museum’s effectiveness in reactivating the city’s economy. So, have the public authorities that invested in the Guggenheim recovered their costly investment?

Suggested Citation

  • Plaza, Beatriz, 2007. "The Bilbao effect (Guggenheim Museum Bilbao)," MPRA Paper 12681, University Library of Munich, Germany, revised 01 Sep 2007.
    • Handle: RePEc:pra:mprapa:12681
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    File URL: https://mpra.ub.uni-muenchen.de/12681/1/MPRA_paper_12681.pdf
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    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Sorry, where is the contemporary art museum?
      by Michael Fuenfzig in The ISET Economist on 2011-11-17 12:43:25

    Citations

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    Cited by:

    1. Ibon Aranburu & Beatriz Plaza & Marisol Esteban, 2016. "Sustainable Cultural Tourism in Urban Destinations: Does Space Matter?," Sustainability, MDPI, vol. 8(8), pages 1-14, July.
    2. Jen D. Snowball, 2013. "The economic, social and cultural impact of cultural heritage: methods and examples," Chapters, in: Ilde Rizzo & Anna Mignosa (ed.), Handbook on the Economics of Cultural Heritage, chapter 22, pages i-i, Edward Elgar Publishing.
    3. Moira Scerri & Deborah Edwards & Carmel Foley, 2019. "Design, architecture and the value to tourism," Tourism Economics, , vol. 25(5), pages 695-710, August.

    More about this item

    Keywords

    Guggenheim Museum Bilbao; economic valuation;

    JEL classification:

    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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