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Liam and Noel in Balloch: An Economic Impact Assessment

Author

Listed:
  • Graham Senior

    (Associate Director, EDAW, 219 St Vincent Street, Glasgow G2 5QY, Scotland, UK)

  • Mike Danson

    (Professor in Scottish and Regional Economics, University of Paisley, High Street, Paisley PA1 2BE, Scotland, UK)

Abstract

This paper estimates the economic benefits that can accrue to a small local economy as the result of staging a major cultural event – a two-day rock festival starring the band Oasis. The paper shows that one-off events do bring economic benefits to the local area, but that they are short-lived, and enjoyed by a few rather than the community as a whole. An events strategy needs to be developed to enable the local business community to plan in advance to take full advantage of the commercial opportunities that such events bring.

Suggested Citation

  • Graham Senior & Mike Danson, 1998. "Liam and Noel in Balloch: An Economic Impact Assessment," Tourism Economics, , vol. 4(3), pages 265-277, September.
    • Handle: RePEc:sae:toueco:v:4:y:1998:i:3:p:265-277
    DOI: 10.1177/135481669800400305
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    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. 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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