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Economic impact of a new museum on the local economy: "The Gaudí Centre"

  • Llop Llop, Maria
  • Arauzo Carod, Josep Maria

In this paper we analyse the economic impact of a new museum (the Gaudí Centre) on the local economy of Reus, a city in the province of Tarragona (southern Catalonia). We use a Keynesian income multiplier model to evaluate the effects of this new cultural venue on local income. In our calculation of the economic impact we distinguish between two phases: the construction phase and the exploitation phase. Our results show the important income impact of this cultural investment on the local economy.

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File URL: http://hdl.handle.net/2072/9529
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Paper provided by Universitat Rovira i Virgili, Department of Economics in its series Working Papers with number 2072/9529.

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Date of creation: 2008
Date of revision:
Handle: RePEc:urv:wpaper:2072/9529
Contact details of provider: Postal: Avda. de la Universitat,1 - 43204 Reus (Tarragona)
Phone: 977 75 98 00
Fax: 977 75 98 10
Web page: http://www.urv.cat
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  1. Brownrigg, Mark, 1971. "The Regional Income Multiplier: An Attempt to Complete the Model," Scottish Journal of Political Economy, Scottish Economic Society, vol. 18(3), pages 281-97, November.
  2. Greig, Michael A, 1971. "The Regional Income and Employment Multiplier Effects of a Pulp Mill and Paper Mill," Scottish Journal of Political Economy, Scottish Economic Society, vol. 18(1), pages 31-48, February.
  3. Beatriz Plaza, 2006. "The Return on Investment of the Guggenheim Museum Bilbao," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 30(2), pages 452-467, 06.
  4. McGuire, Alistair J, 1983. "The Regional Income and Employment Impacts of Nuclear Power Stations," Scottish Journal of Political Economy, Scottish Economic Society, vol. 30(3), pages 264-74, November.
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