Provides a summary account on the research undertaken by the Budapest Cultural Observatory. Contents include:
- The role of festivals in cultural life
- The economic role of festivals
- The social impact of festivals
- Financing festivals
- Principles, framework and objectives of festival subsidisation
- Methodological questions of festival funding
- Monitoring the subsidised festivals
The Observatory's festivals policy work is described at: http://www.budobs.org/festival/festival-research/