The Bilbao effect (Guggenheim Museum Bilbao)
AbstractWhen 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?
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 12681.
Date of creation: 31 Jul 2007
Date of revision: 01 Sep 2007
Guggenheim Museum Bilbao; economic valuation;
Find related papers by JEL classification:
- Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Sorry, where is the contemporary art museum?
by Michael Fuenfzig in The ISET Economist on 2011-11-17 06:43:25
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