PART 3 – SOME THOUGHTS ABOUT STUDIES OF THE ECONOMIC IMPACTS OF DOWNTOWN ENTERTAINMENT VENUES

Parts 1 And 2 Can Be Found At:

https://www.ndavidmilder.com/2015/03/some-thoughts-about-studies-of-the-economic-impacts-of-downtown-entertainment-venues-part-1

https://www.ndavidmilder.com/2015/04/part-2-some-thoughts-about-studies-of-the-economic-impacts-of-downtown-entertainment-venues

The numbering of tables, figures and endnotes continues from Part 2.

Introduction

Whereas studies of the economic impacts of formal entertainment venues typically use input-output models to follow the effects of a venue’s expenditures and the relevant spending of its audiences, impact analyses of informal entertainment venues are far less enamored of this research strategy (18). Perhaps this is because they — being entities such as a park, public space, restaurant, bar, etc. …

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Part 2: SOME THOUGHTS ABOUT STUDIES OF THE ECONOMIC IMPACTS OF DOWNTOWN ENTERTAINMENT VENUES

An Assessment, From a Downtown Perspective, of Economic Impact Studies Done on Downtown Arts Venues That Use I-O Economic Models (Multipliers) cont’d.   

The Critical Geographic Problem. Downtowns, even in NYC, Chicago or L.A., are geographically far smaller than counties. Consequently, there is an inherent mismatch between the geographic area the I-O model impact studies utilize and the one downtowners are most concerned about. Furthermore, the nature of the available data needed to construct these models precludes their being built for …

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