Economic Expansion and Stability of An Area

Economic Expansion and Stability of An Area

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Part 1: Cultural events and sites are integral to the economic expansion and stability of an area as well as the sustainment of local businesses and nourishment of underserved communities. The importance of government subsidies is vital when you think about accessibility, seasonality, and most importantly: utility. You ask if there is a market for those activities, shouldn’t it be enough to provide for the culture? My answer here is no. While there is intrigue and fascination of culture and arts, when you consider it in light of utility you will find that in most cases when the cost of cultural events or arts is higher, the demand for them decreases as utility for them is not as high for the majority of people. Another gap that government subsidies in this area assists with is seasonality. Some regions cultural events/activities depend on certain seasons, and during off-seasons when they see little to no visitors, the economies of those areas deplete significantly.

For example, when I lived in Vail, Colorado, I saw the impact of seasonal tourism on locals first hand. Vail is a ski resort town, where during the winter season is bustling with skiers from around the world. These skiers come to Vail for the snow, but you also notice that during this high tourist time, there is a huge increase in cultural and arts events in the town that do not take place during other seasons. These events are no doubt fueled by the government as they are free entry. The idea is to reel in participants with completely open accessibility and then to rely on visitors during those events, such as street fairs/villages that have free entertainment and activities, yet are lined with locals selling food and products (arts mostly) that individuals purchase throughout their experience . Without government support to even provide a foundation for these events and free access, the economic boosts from other purchases would not occur and in many areas in the world, tourism is relied on for a healthy economy in terms of jobs and GDP. The importance of government subsidies in the arts, cultural events, and sites is relied on by many local economies for jobs and money flow, such as resort islands like the Bahamas.

Ultimately, governments must provide enough funding to at least justify utility and enable easy access for visitors who will then participate in economic expansion by spending money on other goods that may be of higher utility within that event.

Part 2: Cultural/heritage events are different from ordinary commercial events in that arts organizations are generally non-profit, while commercial organizations are for-profit. The purpose of arts is to promote cultural values to the public, and the high cost of these activities requires reliance on government funding to cover the cost of cultural/heritage events.

For example, the performing arts forms of opera and ballet require large stages and performers at high cost, and although the cost can be covered by selling tickets, the audience for these arts is less widespread and ticket sales will be minimal. With government subsidies more audiences can be attracted by lower ticket prices with the aim of developing their tastes. In addition, government subsidies can sustain the spread of the arts, improve the quality of performances and stimulate artistic innovation.

Heritage events or sites also need government subsidies because most of the heritage belongs to the state and the government needs to protect it, research it, exhibit it, and provide an environment for tourists to visit it, which is not enough to cover the costs of admission fees alone.

If there is a market for these activities, the market is in a state of failure because the supply of the art market is greater than the demand in the absence of subsidies. The idea of spreading art and culture is not realized, heritage is not sufficiently funded to be preserved, and the main purpose of subsidies is to increase the audience for the arts.

Part 3: Cultural/heritage events are different from ordinary commercial events in that arts organizations are generally non-profit, while commercial organizations are for-profit. The purpose of arts is to promote cultural values to the public, and the high cost of these activities requires reliance on government funding to cover the cost of cultural/heritage events.

For example, the performing arts forms of opera and ballet require large stages and performers at high cost, and although the cost can be covered by selling tickets, the audience for these arts is less widespread and ticket sales will be minimal. With government subsidies more audiences can be attracted by lower ticket prices with the aim of developing their tastes. In addition, government subsidies can sustain the spread of the arts, improve the quality of performances and stimulate artistic innovation.

Heritage events or sites also need government subsidies because most of the heritage belongs to the state and the government needs to protect it, research it, exhibit it, and provide an environment for tourists to visit it, which is not enough to cover the costs of admission fees alone.

If there is a market for these activities, the market is in a state of failure because the supply of the art market is greater than the demand in the absence of subsidies. The idea of spreading art and culture is not realized, heritage is not sufficiently funded to be preserved, and the main purpose of subsidies is to increase the audience for the arts.

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