Munich Personal RePEc Archive

How much will this event benefit our economy? A checklist for Economic Impact Assessment and application to Milan 2015 International Exhibition

Massiani, Jérôme (2015): How much will this event benefit our economy? A checklist for Economic Impact Assessment and application to Milan 2015 International Exhibition.

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Abstract

Policy makers, policy advisers and the general public usually see events as beneficial to the economy of the host city. Such belief is supported by numerous economic impact studies that usually exhibit large positive impacts. However, research has identified potential methodological issues in economic impact studies that may result in misguiding policy recommendations. Yet, no systematic and operational presentation of such potential flaws is available. To fill in this gap, this article proposes a check-list based on 7 criteria and applies them to Milano 2015. This application supports the cognitive value of our proposed checklist and suggests that the claims based on existing studies are highly discussible.

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