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Events and Festivals in Times of Uncertainty

Author

Listed:
  • Dariusz Kloskowski
  • Grzegorz Kwiatkowski

Abstract

Purpose: This study reflects on the impact of COVID-19 on the event industry. It aims to deepen our understating about the importance of event industry from social and economic perspective and its fragile resilience to crisis such as global pandemic. Design/methodology/approach: The paper builds upon a literature review and analysis of potential exogenous variables of various event activities constituting the basis for building a classic econometric model. Findings: Based on the conducted research it is possible to indicate a need for further research in terms of more nuanced, perhaps case-study, country-specific elaboration, and implication of the model. Furthermore, the paper clearly shows that the event sector needs a significant a reconfiguration to achieve better sustainability in terms of unpredictable events. Practical implications: The study contributes to the literature by offering first of its kind analysis of potential losses due to coronavirus outbreak associated with events. The presented considerations go beyond the time and place of the event, putting a problem into a wider socio-economic perspective. Originality value: The paper concludes by presentation of the resilience model for the event industry as well as a series of academic recommendations.

Suggested Citation

  • Dariusz Kloskowski & Grzegorz Kwiatkowski, 2021. "Events and Festivals in Times of Uncertainty," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 469-487.
    • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:2b:p:469-487
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    References listed on IDEAS

    as
    1. Giles Atkinson & Susana Mourato & Stefan Szymanski & Ece Ozdemiroglu, 2008. "Are We Willing to Pay Enough to `Back the Bid'?: Valuing the Intangible Impacts of London's Bid to Host the 2012 Summer Olympic Games," Urban Studies, Urban Studies Journal Limited, vol. 45(2), pages 419-444, February.
    2. Robert Baumann & Victor Matheson, 2013. "Infrastructure Investments and Mega-Sports Events: Comparing the Experience of Developing and Industrialized Countries," Working Papers 1302, International Association of Sports Economists;North American Association of Sports Economists.
    3. Grzegorz Kwiatkowski & Ove Oklevik & Anne-Mette Hjalager & Helene Maristuen, 2020. "The assemblers of rural festivals: organizers, visitors and locals," European Planning Studies, Taylor & Francis Journals, vol. 28(2), pages 255-272, February.
    4. Kavetsos, Georgios & Szymanski, Stefan, 2010. "National well-being and international sports events," Journal of Economic Psychology, Elsevier, vol. 31(2), pages 158-171, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Events; festivals; COVID-19; impact; resilience.;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • Z38 - Other Special Topics - - Tourism Economics - - - Policy
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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