Pau Rausell: "The existence of an economic impact does not justify a cultural action by itself"



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## Pau Rausell: "The existence of an economic impact does not justify a cultural action by itself"

20/07/2016 |
SCP

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Pau Rausell, lecturer of Applied Economics at the University of Valencia and director of the Research Unit in Economics of Culture and Tourism (Econcult), has addressed the economic impact of culture on the summer course "A musical country: Valencian music industry".

Thus, he explained that the concept of culture is one of the most complex realities of human nature and it is analyzed from all social and human sciences. However, he pointed out that the study of culture from economy allows interventions from the instrumental point of view for policy development. In this sense, he has shown how an econometric model can be performed to see what impact more interested cases for improvement.

As for the impact of culture and the multiplier effects generated, Rausell stressed that "many times efforts are made to calculate this impact, as the percentage of GDP which is a fact that after not used to generate a real impact on the future the sector but is simply used as a communication tool. " In this regard, he also emphasized that although it seems positive action for their multiplier effects, "the existence of an economic impact does not justify the action itself because public funds are made between all while the added value has an effect distributed not falling at all, so you should always discuss these actions".

The lecturer also stressed that the culture market performance is very particular and complex because there are situations that are not found in other markets, such as the fact of being willing to pay for making culture for expressive reasons are given. Still, he has denied the criticism made that can not be measured in the cultural field. "From my experience as a researcher, so far I have never found anything that is important that can not be accounted for", he noted. In this sense, he explained that contingent valuation studies are made, i.e., there are techniques to extract the valuation that person does in euros of an intangible value.

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