The Economic Impact of Cultural Institutions: Measuring the Value

This brief review paper explores the economic impact of cultural institutions, focusing on three critical areas: the indicators and methodologies for impact assessment, the broad benefits of cultural investments, and the roles of cultural tourism and public spending. The synthesis draws on diverse sources to suggest that a comprehensive understanding of these factors is crucial for redefining the roles of cultural managers beyond artistic custodianship to agents of economic development, significantly influencing local and broader economic landscapes.