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Sat 05 May 2009Figuring on the real economic impact
ARTSCAPE: THERE'S A LOT of awareness (in these straitened times, etc) of the significant impact of arts and culture on tourism earning potential.
But tourism aside, any substantial arts organisation has an economic impact on the wider economy. The Abbey Theatre went so far as to commission a report on the economic impact of the theatre from Dominic Shellard (University of Sheffield) and Derrick Elliss, who used a specific formula to calculate the direct and indirect impact, finding the Abbey generated €3.60 for every €1 of funding over the past three years, contributing €118 million to the Irish economy.
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