How to value a cultural festival? The case of Petronio Álvarez Pacific Music Festival in Colombia

Q2 Social Sciences

Development Studies Research Pub Date : 2021-01-01 DOI:10.1080/21665095.2021.1979417

Luis F. Aguado, Alexei Arbona, Luis Palma, Jesús Heredia-Carroza

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引用次数: 3

Abstract

ABSTRACT The article identifies factors related to the local context that influence the valuation of a local, traditional and internationally recognized music festival. Analyzing the case of Petronio Álvarez Pacific Music Festival held in Cali (Colombia), a valuation equation of the festival is estimated via an ordered probit model based upon microdata provided by a face-to-face survey (N = 1257). Results show that there are two key factors shaping the valuation of the festival: (i) previous experience of attending the festival, (ii) perceptions and expectations individuals have over the implications of the festival celebration (even if not participating), that is, the territory’s externalities (the creation of income and employment for the city) and personal benefits (cultural enrichment and enjoyment of a well-executed festival’s plan). Finally, our work provides policymakers with an instrument that reduces uncertainty about the characteristics of the festival, which can also be used as a managerial decision instrument based on empirical evidence about individuals’ perceptions.

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如何评价一个文化节日?Petronio的案例Álvarez哥伦比亚太平洋音乐节

摘要本文确定了与当地环境相关的因素，这些因素会影响当地、传统和国际公认的音乐节的估值。通过分析在卡利（哥伦比亚）举行的PetronioÁlvarez太平洋音乐节的案例，基于面对面调查提供的微观数据，通过有序概率模型估计了音乐节的估值方程（N = 1257）。结果表明，有两个关键因素影响了节日的估值：（i）以前参加节日的经历，（ii）个人对节日庆祝活动（即使没有参加）的影响的感知和期望，即，领土的外部性（为城市创造收入和就业机会）和个人利益（文化丰富和享受执行良好的节日计划）。最后，我们的工作为政策制定者提供了一种工具，可以减少节日特征的不确定性，也可以作为基于个人感知经验证据的管理决策工具。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Development Studies Research Social Sciences-Development

CiteScore

3.20

自引率

0.00%

发文量

审稿时长

12 weeks

期刊介绍： Development Studies Research ( DSR) is a Routledge journal dedicated to furthering debates in development studies. The journal provides a valuable platform for academics and practitioners to present their research on development issues to as broad an audience as possible. All DSR papers are published Open Access. This ensures that anyone, anywhere can engage with the valuable work being carried out by the myriad of academics and practitioners engaged in development research. The readership of DSR demonstrates that our goal of reaching as broad an audience as possible is being achieved. Papers are accessed by over 140 countries, some reaching over 9,000 downloads. The importance of the journal to impact is thus critical and the significance of OA to development researchers, exponential. Since its 2014 launch, the journal has examined numerous development issues from across the globe, including indigenous struggles, aid effectiveness, small-scale farming for poverty reduction, sustainable entrepreneurship, agricultural development, climate risk and the ‘resource curse’. Every paper published in DSR is an emblem of scientific rigour, having been reviewed first by members of an esteemed Editorial Board, and then by expert academics in a rigorous review process. Every paper, from the one examining a post-Millennium Development Goals environment by one of its architects (see Vandermortele 2014), to ones using established academic theory to understand development-imposed change (see Heeks and Stanforth 2015), and the more policy-oriented papers that contribute valuable recommendations to policy-makers and practitioners (see DSR Editor’s Choice: Policy), reaches a multidisciplinary audience.