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Acepto
Instituto Valenciano de Investigaciones Económicas

Research Areas

City of Arts and Sciences: cost benefit analysis and study of its economic impact
City of Arts and Sciences: cost benefit analysis and study of its economic impact
Project start date: 2000
Project end date: 2011
Funding institution: Ciudad de las Artes y las Ciencias de Valencia

During the period between 2000 and 2011, the Ivie studied the economic impact of City of Arts and Sciences. The purpose of the study is to estimate the economic impact of the City of Arts and Science of Valencia, as well as to carry out a cost benefit analysis. The study considers the following aspects:

  • The impacts derived from the investments already made as well as those still pending
  • The revenue and expenditure derived from its creation and opening
  • The indirect impacts on other industries and related services
  • The induced impacts, estimated by means of its multiplier effect on other economic activities
  • From a socio-economic point of view, a set of benefits of an intangible nature implied in the opening of this cultural leisure complex

RESEARCH TEAM

Universitat de València, Ivie and CUNEF
Joaquín Maudos Villarroya (Dir.)
Ivie
Pilar Chorén Rodríguez