The cultural economy in recession : Examining the US experience

Grodach, Carl & Seman, Michael (2013) The cultural economy in recession : Examining the US experience. Cities : The International Journal of Urban Policy and Planning, 33, pp. 15-28.

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Abstract

Over the last two decades we have witnessed the global rise and spread of urban development policies aimed at stimulating the cultural economy. However, with the onset of the global financial crisis and recession, the cultural economy may experience a dramatic reorganization and even decline. Given the attention many cities place on the cultural sectors it is important to examine how they fare following this major economic event. To do so, this article examines the occupational distribution and geographic structure of the cultural economy in the 30 largest US metropolitan areas during recession and captures the changes that have occurred over the last decade. Based on this analysis, we identify a set of key trends, which highlight that while the boom period is generally characterized by widespread and, in some places, extreme growth in the cultural sectors, the recession is a period of selective growth and not a period of total decline. These findings have implications for determining the relevance of the arts and cultural sectors as targets of urban economic development policy in the post-recession era.

Impact and interest:

6 citations in Scopus
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7 citations in Web of Science®

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ID Code: 74432
Item Type: Journal Article
Refereed: Yes
Additional URLs:
DOI: 10.1016/j.cities.2012.06.001
ISSN: 0264-2751
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > URBAN AND REGIONAL PLANNING (120500)
Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > URBAN AND REGIONAL PLANNING (120500) > Regional Analysis and Development (120505)
Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > URBAN AND REGIONAL PLANNING (120500) > Urban Analysis and Development (120507)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2012 Pergamon/Elsevier
Deposited On: 30 Jul 2014 02:46
Last Modified: 10 Mar 2016 02:56

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