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Economic impacts of the 2023 June festivities in Sergipe, Brazil: Evidence from an inter-regional input–output model

Author

Listed:
  • Luiz Carlos de Santana Ribeiro

    (Federal University of Sergipe)

  • Fábio Rodrigues de Moura

    (Federal University of Sergipe)

  • Milene Takasago

    (University of Brasilia)

Abstract

This research note evaluates the economic impacts of the June 2023 Festival in Sergipe, Brazil. Using primary data from 1,750 surveyed attendees and an interregional input–output model built from electronic invoice records, we estimate the effects of public investment and tourist spending. For every R$1 invested, R$ 1.75 in state output is generated. Total economic output reaches R$118 million nationwide, with R$66 million retained in Sergipe. The event supports 2,028 jobs in Brazil, including 1,361 in Sergipe. Results highlight the role of cultural events in regional development and provide the first IO?based assessment of Sergipe's June Festival.

Suggested Citation

  • Luiz Carlos de Santana Ribeiro & Fábio Rodrigues de Moura & Milene Takasago, 2026. "Economic impacts of the 2023 June festivities in Sergipe, Brazil: Evidence from an inter-regional input–output model," Economics Bulletin, AccessEcon, vol. 46(1), pages 360-370.
    • Handle: RePEc:ebl:ecbull:eb-26-00099
    as

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    References listed on IDEAS

    as
    1. Luiz Carlos de S. Ribeiro & Gervásio F. Santos & Rodrigo B. Cerqueira & Kênia B. Souza, 2021. "Do income policy mitigate the economic impacts of Covid-19 on tourism in Brazil?," Economics Bulletin, AccessEcon, vol. 41(4), pages 2574-2579.
    2. Timo Tohmo, 2005. "Economic Impacts of Cultural Events on Local Economies: An Input—Output Analysis of the Kaustinen Folk Music Festival," Tourism Economics, , vol. 11(3), pages 431-451, September.
    3. Bruno Bracalente & Cecilia Chirieleison & Massimo Cossignani & Luca Ferrucci & Marina Gigliotti & M. Giovanna Ranalli, 2011. "The Economic Impact of Cultural Events: The Umbria Jazz Music Festival," Tourism Economics, , vol. 17(6), pages 1235-1255, December.
    4. Getz, Donald & Page, Stephen J., 2016. "Progress and prospects for event tourism research," Tourism Management, Elsevier, vol. 52(C), pages 593-631.
    5. Soo Kang & Rebecca Hill & Dawn Thilmany, 2024. "Assessing Economic Impacts of Mile High 420 Festival in Colorado," Tourism and Hospitality, MDPI, vol. 5(3), pages 1-16, June.
    6. Luiz Carlos De Santana Ribeiro & Gervásio Ferreira Dos Santos & Milene Takasago, 2023. "Does domestic tourism reduce regional inequalities in Brazil?," Current Issues in Tourism, Taylor & Francis Journals, vol. 26(20), pages 3255-3260, October.
    7. Eduardo A. Haddad & Paulo R. Haddad, 2010. "Major sport events and regional development: the case of the Rio de Janeiro 2016 Olympic Games," Regional Science Policy & Practice, Wiley Blackwell, vol. 2(1), pages 79-95, June.
    8. Luiz Carlos De Santana Ribeiro & Laudenor Morais Correia De Melo Assunção & Luiz Carlos Day Gama & Amir B. Ferreira Neto, 2023. "Regional and sectorial impacts of the COVID‐19 pandemic in Sergipe, Brazil," Growth and Change, Wiley Blackwell, vol. 54(3), pages 674-693, September.
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    JEL classification:

    • L8 - Industrial Organization - - Industry Studies: Services
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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