Projects
Using the Australian Regional Input-Output Matrix (RIOM) model, it is estimated that the impact of consumers’ expenditure on live music was to increase output in the Australian economy by 9.7 billion dollars. The increase in wages, rents, profits and taxes associated with the increase in production is estimated to have delivered 1.2 billion dollars of additional value, or profit, to all Australian producers (compared to an alternative case in which all the expenditure enabled by live music ceased).
Taken together with an employer enjoyed productivity premium of 884.3 million dollars, the sum of benefits returned to businesses as a result of live music making in Australia in 2014 was estimated to be 2.1 billion dollars.