Economic Impact of the Commercial Music Industry in Atlanta and the State of Georgia: New Estimates

Authors: Nikola Tasić (Faculty of Business Economics and Entrepreneurship), Sally Wallace (Georgia State University)

Study link: https://www.researchgate.net/publication/264748007_Economic_Impact_of_the_Commercial_Music_Industry_in_Atlanta_and_the_State_of_Georgia_New_Estimates

This study reviews the major findings of the previous studies and provides a new set of estimates of the economic impact of the commercial music industry in Georgia. We find that the primary music industry in Georgia has expanded both in terms of establishments and employment, but employment and establishments in secondary music industry, which includes specific industries such as Musical Instrument Stores and Electronic Parts & Equipment, have decreased since the previous study. This demonstrates that the industry mix continues to change, but the total level of output continues to grow. The growth in total output between the 2005 and current study is between $10 and $57 million depending on the base for the 2007 estimates (“sales” or “employment”). The total level of employment fell because of the contraction in the secondary music industry. The revenue impact of the industry is between $47 and $50 million per year.

Category: Economy