ERIC Number: ED410182
Record Type: Non-Journal
Publication Date: 1992-Aug
Reference Count: N/A
The American Arts Industry: Size and Significance.
Chartrand, Harry Hillman
In this study, the U.S. arts industry is conceptually defined and measured with respect to statistical size. The contribution and significance of the arts industry to the economy is then assessed within the context of national competitiveness and the emerging knowledge economy. Study findings indicate that the arts industry contributes between 5% and 10% of the Gross National Product. The arts industry also accounts for between 3% and 5% of all U.S. exports and for between 5% and 10% of all imports. Relative to the total U.S. trade deficit the arts industry contributes between 13% and 45% of the deficit. In addition, the concept of competitiveness has shifted towards a knowledge-based economy and been extended to embrace the 'soft side' that includes attitudes, education, motivation, and values, the arts are seen as one of the three principal domains of knowledge upon which national competitiveness depends. The arts industry may therefore be seen as a very important contributor to the U.S. economy. (MM)
Publication Type: Reports - Research
Education Level: N/A
Sponsor: National Endowment for the Arts, Washington, DC. Research Div.
Authoring Institution: N/A