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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

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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  • Ricardo Gazel & R. Schwer, 1997. "Beyond Rock and Roll: The Economic Impact of the Grateful Dead on a Local Economy," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 21(1), pages 41-55, March.
    • Handle: RePEc:kap:jculte:v:21:y:1997:i:1:p:41-55
    DOI: 10.1023/A:1007372721259
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    References listed on IDEAS

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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;Western Regional Science Association, vol. 29(4), pages 363-374.
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    1. 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.
    2. Amir Borges Ferreira Neto & Fernando Salgueiro Perobelli & Alexandre Rabello, 2018. "Looking Behind the Scenes: An Assessment of the Interdependence of Brazilian Cultural Industries," The Review of Regional Studies, Southern Regional Science Association, vol. 48(2), pages 217-243, Summer.
    3. repec:pri:cpanda:wp20%20-%20guetzkow is not listed on IDEAS
    4. 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;The Association for Cultural Economics International, vol. 24(3), pages 243-255, August.
    5. 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.
    6. Aliza Fleischer & Daniel Felsenstein, 2002. "Cost-Benefit Analysis Using Economic Surpluses: A Case Study of a Televised Event," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 26(2), pages 139-156, May.
    7. 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;Western Regional Science Association, vol. 49(3), pages 861-877, December.
    8. Nancy M. Hodur & Dean A. Bangsund & F. Larry Leistritz & John Kaatz, 2006. "Estimating the Contribution of a Multi-Purpose Event Facility to the Area Economy," Tourism Economics, , vol. 12(2), pages 303-316, June.
    9. Gabe, Todd & Lisac, Nicholas, 2013. "Local Economic Impacts of Popular Music Concerts," MPRA Paper 65911, University Library of Munich, Germany.
    10. Todd M. Gabe & Nicholas A. Lisac, 2014. "A Note on the Effects of Popular Music Concerts on Hospitality Sales: The Case of Waterfront Concerts in Bangor, Maine," The Review of Regional Studies, Southern Regional Science Association, vol. 44(1), pages 61-74, Spring.
    11. Jane Bryan & Steve Hill & Max Munday & Annette Roberts, 2000. "Assessing the Role of the Arts and Cultural Industries in a Local Economy," Environment and Planning A, , vol. 32(8), pages 1391-1408, August.
    12. Joshua Guetzkow, 2002. "How the Arts Impact Communities: An introduction to the literature on arts impact studies," Working Papers 44, Princeton University, School of Public and International Affairs, Center for Arts and Cultural Policy Studies..
    13. Calvin Jones, 2005. "Major events, networks and regional development," Regional Studies, Taylor & Francis Journals, vol. 39(2), pages 185-195.
    14. Víctor Lafuente Sánchez & María Devesa Fernández & José à ngel Sanz Lara, 2017. "Economic impact of a religious and tourist event," Tourism Economics, , vol. 23(6), pages 1255-1274, September.
    15. 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," Working Papers 200406, University of Liverpool, Department of Economics.
    16. Calvin Jones & Max Munday, 2004. "Evaluating the Economic Benefits from Tourism Spending through Input-Output Frameworks: Issues and Cases," Local Economy, London South Bank University, vol. 19(2), pages 117-133, May.
    17. Adam Orens & Andrew Seidl, 2009. "Working Lands and Winter Tourists in the Rocky Mountain West: A Travel Cost, Contingent Behaviour and Input–Output Analysis," Tourism Economics, , vol. 15(1), pages 215-242, March.
    18. Johannes Glückler & Robert Panitz, 2023. "Live Music in the Time of Corona: On the Resilience and Impact of a Philharmonic Orchestra on the Urban Economy," Sustainability, MDPI, vol. 15(4), pages 1-14, February.
    19. Hojman, David E. & Hiscock, Julia, 2010. "Interpreting suboptimal business outcomes in light of the Coase Theorem: Lessons from Sidmouth International Festival," Tourism Management, Elsevier, vol. 31(2), pages 240-249.

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