@article{Bellini:8220,
      recid = {8220},
      author = {Bellini, Elena and Gasparino, Ugo and del Corpo, Barbara  and Malizia, William},
      title = {Impact of Cultural Tourism upon Urban Economies: An  Econometric Exercise},
      address = {2007},
      number = {834-2016-55472},
      series = {KTHC Nota di Lavoro 85.2007},
      pages = {41},
      year = {2007},
      abstract = {In recent years, interest in tourism has spread rapidly  throughout many small and medium European cities, which  previously have not necessarily considered themselves as  tourist destinations. Tourism is increasingly seen as a  potential lever towards high economic growth, measured both  in terms of income and employment. In the present Working  Paper we report the analysis on the economic impact  undertaken in the framework of the PICTURE Project, showing  the results of a novel econometric exercise to  statistically assess the impacts of cultural tourism upon  European municipalities. More precisely the analysis aims  at estimating the effects of tourism specialisation on  local income and prices. The Working Paper is built as  follows. Section 1 presents and discusses secondary data  about tourism facts and figures, including the economic  impact of tourism upon European economies, with a focus on  cultural tourism. An extensive review of literature, which  identifies the main categories of impacts and the currently  available methodologies to assess them, is undertaken.   Section 2 focuses on the state of the art. Section 3  describes the database built for the analysis, sources and  variables. In order to visually represent the spatial  variability of the main parameters, a series of thematic  maps at NUTS 3 level("Maps of European tourism"), using GIS  (Geographical Information System) are also included in the  Working Paper. Section 4 shows the results of the  econometric analysis of European panel data for the  estimation of the effects of tourism specialisation on both  local incomes and prices. Section 5 concludes.},
      url = {http://ageconsearch.umn.edu/record/8220},
      doi = {https://doi.org/10.22004/ag.econ.8220},
}