Repercusiones económicas y sociales de los festivales culturales: el caso del Festival Internacional de Cine de Valdivia

today, culture and cultural festivals are part of the strategies of local and regional development and urban regeneration actions as a result of the impact that these goods can generate on the territories. these repercussions could be social, cultural, touristic or economic, since cultural goods and cultural events generate impacts in terms of production, income and jobs. the aim of this paper is to analyze the economic contribution of the valdivia international film festival to the city and region where it is held. the economic impact study methodology is used for this purpose, based on the definition and valuation of three types of effects (direct, indirect and induced). the results show that thefestival generates a significant impact on the economy of the area, benefiting especially the tourism sector of the city and business services. the work also highlights the importance attached by the attendees to the cultural impacts of thefestival, which are, in fact, the essence of the event.