This study looks at a major building boom of museums, performing arts centers and theaters in the United States from 1994 to 2008. It is the first scientifically prepared study of its kind and was requested both by cultural leaders and major foundations that had, in many cases, provided support for these building projects. The primary goal of the study was to establish research that would serve as a basic and essential resource for any cultural group in the country involved in planning the construction, renovation, or expansion of their facilities.
The focus of this paper is the failure to consider the severity of supply capacity constraints in the local economy that may generate as much as 100 percent crowding out or displacement of one type of visitor spending by another type of visitor spending.
Can a "ferocious" critic of arts economic impact (EIM) studies, who has labeled them a "fashionable excess," and called instead for more extensive use of alternatives such as contingent valuation (CVM) studies develop some belated sympathy for their continued use?
Lasting Effects Conference Summary and Edited Transcript (PDF) — Edited for clarity as well as concision, this document highlights the major themes of this conference. It provides a clear and brief introduction to current thinking about economic impact analyses. This document also contains a very informative introduction by Jonathan Katz and a glossary of economic terms.