The Economic Effects of Cultural Events: The Pintoricchio Exhibition in Perugia

Abstract

The first objective of this article is to describe a methodological approach for the assessment of the economic effects of cultural and entertainment events on a local economy. Through choosing the components of the expenditure and the impact analysis model, the proposed approach represents an advanced synthesis of the path developed in the literature. The second objective of this case study is to offer the policy makers useful information for public policies. The Pintoricchio Exhibition, held in Perugia, Italy, from February 2 to August 31, 2008, is the event analyzed.