Publication: European capitals of culture and life satisfaction
European capitals of culture and life satisfaction
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Steiner, L., Frey, B. S., & Hotz, S. (2013). European capitals of culture and life satisfaction (No. 117; Working Paper Series / Department of Economics).
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This paper analyzes whether hosting the most prestigious European cultural event, the European Capital of Culture, has an impact on regional economic development or the life satisfaction of the local population. Concerning the economic impact, we show that European Capitals are hosted in regions with above average GDP per capita, but do not causally affect the economic development in a significant way. Even a positive impact on GDP per capita would not imply a positive impact on individual utility or social welfare of the regional pop
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Steiner, L., Frey, B. S., & Hotz, S. (2013). European capitals of culture and life satisfaction (No. 117; Working Paper Series / Department of Economics).
