ERIC Number: ED410183
Record Type: Non-Journal
Publication Date: 1993-Oct
Reference Count: N/A
A Perspective on the Arts Industry and the Economy.
This report indicates that a proper accounting for the size of the arts industry should be adjusted to incorporate "unmeasured" industry "revenues" stemming from contributions of time and commodities as well as the willingness of the public to pay more in taxes to support the arts. The contributions of the arts industry will be understated if significant non-economic benefits are omitted. Such contributions include the arts as a kind of "basic research" leading ultimately to economically successful "applied" cultural products such as those that have captured the imagination of the entire world through mass media presentation. They also include the types of community benefits that have led many corporations to support the arts as a way of attracting and keeping a higher quality workforce and making marketing inroads with targeted consumer communities. The so-called "secondary" economic benefits of the arts industry may well exceed even the substantial benefits more typically stemming from their role as a generator of jobs and spending in the economy. (MM)
Publication Type: Reports - Research
Education Level: N/A
Sponsor: National Endowment for the Arts, Washington, DC. Research Div.
Authoring Institution: N/A