eventseconomic

Eventseconomic refers to the study of the economic aspects of organized events and the broader economic activity generated by them. It encompasses analysis of how events attract spending, stimulate employment, and affect local incomes, as well as the costs and financing associated with event production. The term is used across sectors such as sports, arts and culture, conferences, trade shows, and festivals, and can cover public, private, and mixed funding arrangements.

Common analytic approaches include input‑output and computable general equilibrium models to estimate direct, indirect, and induced effects; econometric analyses of visitor demand and hotel occupancy; and cost‑benefit analyses that weigh public expenditures against expected benefits. Analysts distinguish direct effects (spending by attendees and organizers) from indirect effects (spending by suppliers and workers) and induced effects (household spending generated by employment). Counterfactual methods and leakage adjustments are used to isolate an event's incremental impact and address substitution and crowding-out.

Applications of eventseconomic research inform policy and decision making, such as evaluating stadium or venue subsidies, planning event calendars, and designing marketing or transportation infrastructure. Cases commonly studied include major sporting events, cultural festivals, conventions, and trade fairs. The field also engages with debates over fiscal risk, equity, and long‑term effects on place branding and tourism.