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| Author: | Skinner, S.J. |
| Title: | Estimating the real growth effects of blockbuster art exhibits: A time series approach |
| Journal: | Journal of Cultural Economics
2006 : VOL. 30:2, p. 109-125 |
| Index terms: | economic growth employment job creation evaluation forecasting time series art exhibitions USA |
| Language: | eng |
| Abstract: | This paper deals with the evaluation of real growth forecasts made by impact studies, using intervention analysis to estimate the ex-post impact of blockbuster exhibits (here as: exhbs.) on economic growth in Jackson, Mississippi, U.S. Non-farm employment measures real economic growth and dummy variables capture the exhbs.' occurrence. Univariate time series techniques are used to identify and estimate a stationary process. The analysis estimates the short run impact on Jackson's filtered employment series due to the blockbuster exhbs. as approximately 700 jobs. |
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