Over the past two decades, the potential of cultural activities to contribute to regional economic development has been increasingly recognised. This paper provides an analysis of the importance of the cultural sector for the economic prosperity of an urban region using the example of the city...

The main aim of this paper is to provide a theoretical background and empirical evidence on the importance of the cultural sector for competitiveness and development of the regional economy. It is argued that the fall of barriers to trade and the movement of capital and labor in the European...