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Id 670
Author Devesa M., Báez A., Figueroa V., Herrero L.C.
Title Economic and social impacts of cultural festivals. The case study of the Valdivia International Film Festival Repercusiones económicas y sociales de los festivales culturales: El caso del Festival Internacional de Cine de Valdivia
Reference

Devesa M., Báez A., Figueroa V., Herrero L.C.; Economic and social impacts of cultural festivals. The case study of the Valdivia International Film Festival Repercusiones económicas y sociales de los festivales culturales: El caso del Festival Internacional de Cine de Valdivia ;Eure vol:38 issue: 115.0 page:95.0

Keywords Cultural capital; Regional and local development; Urban competitiveness
Link to article https://www.scopus.com/inward/record.uri?eid=2-s2.0-84866379078&doi=10.4067%2fS0250-71612012000300005&partnerID=40&md5=1d236ceaaa8f85f81624d49af6456b4a
Abstract Today, culture and cultural festivals are part of the strategies of local and regional development and urban regeneration actions as a result ofthe impact that these goods can generate on the territories. These repercussions could be social, cultural, touristic or economic, since cultural goods and cultural events generate impacts in terms of production, income andjobs. The aim ofthis paper is to analyze the economic contribution of the Valdivia International Film Festival to the city and region where it is held. The Economic Impact Study methodology is used for this purpose, based on the definition and valuation of three types of effects (direct, indirect and induced). The results show that thefestival generates a significant impact on the economy ofthe area, benefiting especially the tourism sector of the city and business services. The work also highlights the importance attached by the attendees to the cultural impacts of the festival, which are, in fact, the essence of the event.

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