In regional economics, there is a traditional field of study concerning the regional economic impact of a certain economic activity, such as an investment or some other activity causing an income injection to a region. Dr.Sc. (Econ. and BA) Timo Tohmo`s doctoral thesis contains these kind of analyses. The thesis consists of nine empirical studies, which are divided between two topics: regional specialization and industrial concentration in Finland, and regional economic impact analysis. The latter part includes evaluations of a folk music festival and a museum. In this review, I concentrate on three studies within the thesis that contain economic impact analyses of cultural activities, including the Museum of Central Finland in Jyväskylä.
TransNIEMO: economic impact analysis using a model of consistent inter-regional economic and network equilibria