Some Observations of Analyzing Economic Impact: A Case Study, the Economic Impact of the Staples Center on the City of Los Angeles
The purpose of this report is to assess the impact the Staples Center has had on the economy of the City of Los Angeles, and in so doing identify and analyze the problems involved in estimating the economic impact of public development projects.
The word "impact", when used in the phrase "economic impact analysis", has two somewhat different interpretations within the economics of the arts and culture.
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?
The Arts and Artists – Not Necessarily the Same Thing: New Methodological Approaches towards Understanding the Economic Composition of Arts
Kevin M. Stolarick, Associate Director and Research Associate, The Martin Prosperity Institute, and Joseph L. Rotman School of Management, University of Toronto, presented in a workshop hosted jointly with the Population Research Center.