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A beginner s guide to the economic contribution of the performing arts to a local community and nation

  • 8
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I. Introduction 2

II. Definitions and Characteristics of the Performing Arts 3

1. Definitions of the performing arts 3

2. Some characteristics of the performing arts 4

III. Traditional Views on the Economic Impact of Performing Arts 6

1. Baumol s cost disease and Netzer s subsidized Muse 6

2. Recent economic impact studies 7

IV. Extended View under New Transactional Environments 9

1. New transactional environments 9

2. Lengthening of value chains-internal dynamics 11

3. Greater industrial linkages-external dynamics 12

4. Facilitating commodity exports through tourism 14

V. Summary and Final Comments 16

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