Fad, fetish or fixture: contingent valuation of performing and visual arts festivals in Singapore

Chang, Sharon and Mahadevan, Renuka (2013) Fad, fetish or fixture: contingent valuation of performing and visual arts festivals in Singapore. International Journal of Cultural Policy, 20 3: 318-340. doi:10.1080/10286632.2013.817396

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Author Chang, Sharon
Mahadevan, Renuka
Title Fad, fetish or fixture: contingent valuation of performing and visual arts festivals in Singapore
Journal name International Journal of Cultural Policy   Check publisher's open access policy
ISSN 1028-6632
1477-2833
Publication date 2013-07-17
Sub-type Article (original research)
DOI 10.1080/10286632.2013.817396
Volume 20
Issue 3
Start page 318
End page 340
Total pages 23
Place of publication Abingdon, Oxon, United Kingdom
Publisher Routledge
Collection year 2014
Language eng
Formatted abstract
This paper analyses how much culture is valued in a newly-developed economy with a distinct dichotomy of an arts-appreciating population segment and a less-culturally aware mass. An analytical framework weaving together the intrinsic, business and societal benefits of arts and culture is applied to explore whether arts festivals – a popular tourism event in many countries – are a temporary fad, an expensive governmental fetish or a naturally-evolving fixture. This has implications for government funding and cultural policy. Empirical evidence supports the notion that the long-running performing arts festival is a not a fad but a fixture with some fetish elements while the visual arts festival appears to be a fad but has the potential to be a fixture. Of particular concern, however, is the evidence from both festivals that the perceptions of community benefit, business benefits as well as bequest value from the arts are not significant determinants of willingness to pay for these events.
Keyword Performing and contemporary visual arts festivals
Contingent valuation
Willingness to pay
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Authors' prepress title: "Fad, fetish, fixture: contingent valuation of performance and contemporary visual arts festivals in Singapore". Published online: 17 Jul 2013

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2014 Collection
School of Economics Publications
 
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Citation counts: TR Web of Science Citation Count  Cited 2 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 2 times in Scopus Article | Citations
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Created: Wed, 04 Dec 2013, 11:09:38 EST by Alys Hohnen on behalf of School of Economics